Group 1 - Didi has recently invested in the autonomous driving commercial vehicle company, Xinshiqi [1] - Didi Freight and Xinshiqi have collaborated in Qingdao to test autonomous vehicle delivery services, allowing users to order deliveries via the Didi platform [1] - Xinshiqi has deployed over 7,500 autonomous vehicles across more than 280 cities, with plans to accelerate deployment to 10,000 vehicles earlier than initially expected [1] Group 2 - Xinshiqi aims to expand its operations from planned logistics in the express delivery sector to real-time logistics in urban freight in the second half of this year [1]

Core Insights - New Stone Technology announced that as of the end of July, its autonomous vehicles have been deployed in over 280 cities across 15 countries and regions, with a cumulative total exceeding 7,500 vehicles and L4 autonomous driving mileage surpassing 42 million kilometers. The company is expected to become the first in the world to achieve a fleet size of 10,000 L4 autonomous vehicles within this year [1] Company Positioning - New Stone Technology has become the largest supplier of autonomous delivery vehicles for major companies such as SF Express, JD.com, and China Post, capturing over 90% of their orders for autonomous delivery vehicles. Additionally, it holds over 70% of the orders from other platforms like the "Three Links and One Reach" and Jitu Express [1] Market Expansion - Beyond the express delivery sector, New Stone Technology is exploring the instant logistics market. In July, the company partnered with Didi Chuxing's Didi Delivery, allowing users in cities like Qingdao to summon New Stone's autonomous vehicles via the Didi platform and pay based on service mileage [1]

Core Viewpoint - New Stone Technology aims to deploy 10,000 autonomous vehicles by the end of this year, expanding its logistics applications beyond express delivery to include fresh produce, pharmaceuticals, and cold chain logistics [2][25]. Group 1: Company Overview - New Stone Technology, founded in 2018, specializes in L4 level logistics autonomous vehicles and has deployed nearly 6,000 vehicles nationwide, with plans to reach 10,000 by year-end [4][16]. - The company received a C+ round investment of 1 billion RMB in February 2023, which will be used for technology iteration and deployment across various logistics scenarios [4][16]. Group 2: Market Expansion - The company is expanding its delivery services from urban areas to rural regions, addressing labor shortages and high delivery costs in these areas [21][23]. - New Stone Technology is also exploring new logistics scenarios, with plans to deploy 4,000 to 5,000 vehicles in non-express delivery sectors by the third quarter of 2025 [25][26]. Group 3: Technology and Innovation - The autonomous vehicles have a loading capacity of 3 cubic meters and can carry 440 to 500 packages, with a single battery swap allowing for a range of up to 100 kilometers [13][19]. - The company has developed its own visual perception algorithms, which reduce hardware costs compared to multi-lidar solutions, enhancing stability and efficiency [20][21]. Group 4: Partnerships and Collaborations - New Stone Technology has established partnerships with major logistics companies such as SF Express, ZTO, and Yunda, and is collaborating with Dingdong Maicai for fresh produce delivery [16][24]. - The company is also working with Tuhu Auto to create an intelligent parts delivery and scheduling system, leveraging Tuhu's extensive network of over 7,000 service locations [24][28].