"现在主机厂都有无人物流车的计划，今年开始头部的轻型商用车主机厂都有2026年量产无人物流车的计划。"11月21日，在"智能新能源汽车供 应链创新暨淮南深度融链发展大会（2025）"上，白犀牛智达（北京）科技有限公司副总裁王瀚基发表主题演讲，系统回顾了无人物流车行业从萌芽 到崛起的发展历程。他指出，无人物流车正从"试验产品"向"标准化车辆"快速演进，2024年已成为行业规模化应用的元年，而产业链协同、法规突 破与AI技术迭代将是实现全面商用的关键。 01 从"低速无人车"到"全规级物流车辆" 据介绍，无人物流车依托大的物流行业背景，主要运营在城配物流的场景中，比如同城货运、即时配送和快递行业。 "以快递行业为例，在末端人员的成本占比非常大，过去十几年，快递单量有十几倍的增量，但是快递的末端从业人员仅仅增加不到五倍，2024年还有 大的回落。面临同城物流行业订单包裹量快速增加，从业人员有很大的缺口。"王瀚基表示，在此背景之下，大家都寄希望于自动驾驶希望其在商用车领域 起到作用，发挥降本增效作用以解决现在面临的问题。 据透露，无人物流车在全球范围内始于2016年美国Nuro的探索，中国则在2018–2019年间涌 ...

Core Insights - The rise of unmanned logistics vehicles is transforming the delivery landscape, showcasing a clash between advanced technology and traditional agricultural practices [1] - The demand for unmanned logistics vehicles has surged, driven by technological advancements and the need for contactless delivery solutions during the pandemic [8][13] - Major logistics companies are heavily investing in unmanned logistics vehicles, indicating a significant market potential estimated to be worth hundreds of billions [15][18] Demand Explosion - Unmanned logistics vehicles are not new; they have evolved from early tests by companies like JD.com and Suning, which began in 2016 [8][11] - The pandemic accelerated the adoption of unmanned logistics vehicles, as companies like Meituan and SF Express adapted to new delivery challenges [13] - The technology has matured, with L4-level autonomous delivery vehicles being deployed in urban environments, expanding their operational scope [11][19] Industry Growth - The unmanned logistics vehicle market is projected to be a trillion-yuan industry by 2025, driven by increasing demand and technological advancements [15][20] - Major logistics firms are ramping up their investments, with China Post planning to procure 7,000 unmanned vehicles and JD Logistics aiming for 1 million units in five years [18] - The operational model of logistics is shifting from traditional methods to a more efficient system utilizing unmanned vehicles for direct delivery [19] Technological and Policy Support - The Chinese government has been supportive of unmanned logistics vehicle development, issuing guidelines to promote their use in various environments [17] - The cost of producing unmanned logistics vehicles has significantly decreased, making them more accessible for logistics companies [28] - The industry is witnessing a surge in investment, with leading companies securing substantial funding to enhance their capabilities [21][23] Future Outlook - The commercial application of unmanned logistics vehicles is expected to expand beyond delivery services, integrating into a broader autonomous transportation network [30] - The successful trials of unmanned heavy-duty trains and mining vehicles indicate the potential for widespread adoption across various sectors [32][35] - The development of unmanned logistics vehicles is seen as a critical component of China's strategic goals in industrial modernization and technological advancement [39]

人民财讯11月19日电，通达电气（603390）11月19日在互动平台表示，公司联合相关智驾方案提供商开 展的无人物流车的项目，目前处于技术研究阶段，暂未形成产品和收入，敬请投资者注意投资风险。 ...

格隆汇11月19日丨通达电气(603390.SH)在互动平台表示，公司联合相关智驾方案提供商开展的无人物 流车的项目，目前处于技术研究阶段，暂未形成产品和收入，敬请投资者注意投资风险。 ...

格隆汇11月19日丨通达电气(603390.SH)在互动平台表示，公司联合相关智驾方案提供商开展的无人物 流车的项目，目前处于技术研究阶段，暂未形成产品和收入，敬请投资者注意投资风险。 ...

Core Viewpoint - Chery Commercial Vehicle and Light Boat Intelligent Navigation have signed a strategic cooperation agreement to develop L4 logistics products for unmanned logistics, aiming for large-scale application in urban delivery scenarios [1][2][3] Group 1: Strategic Cooperation - The partnership aims to leverage Chery's manufacturing capabilities and Light Boat's advanced autonomous driving technology to create a leading global vehicle platform for unmanned logistics [2][3] - The collaboration will focus on three main advantages: brand synergy, product development, and service enhancement [2][3] Group 2: Product Development - The first unmanned logistics vehicle developed by the partnership has already been deployed in cities such as Suzhou, Jinhua, and Wuhu, with plans for further expansion across key urban areas and globally [3] - The vehicle will be based on Chery's extensive manufacturing experience and Light Boat's vast data from nearly one million NOA production vehicles, ensuring a reliable and safe product [2][3] Group 3: Service Enhancement - The partnership will provide users with advanced global and intelligent delivery and after-sales services, creating a sustainable service ecosystem in the industry [3] - The strategic signing marks a deepening of cooperation between Chery Commercial Vehicle and Light Boat Intelligent Navigation, aiming to standardize and scale the development of smart logistics [3]

无人物流车再添"量产级玩家"。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，轻舟智航与奇瑞商用车日前达成无人物流战略合作，双方将携手打造行业全新的 量产级L4物流产品，整合各自在自动驾驶技术、整车量产制造及全球市场资源等领域的优势，推动 无人物流车在城市配送全场景的规模化应用。 此次轻舟智航与奇瑞商用车在无人物流领域正式签约，双方将携手打造全球领先的车规级无人驾驶商 用车平台，形成三大行业领先优势： 首先是品牌共赢优势。 依托奇瑞强大的品牌号召力与轻舟智航领先的科技创新力，双方将携手树立 智慧物流新典范，助力无人物流行业品牌新高度。 其次是产品共赢优势。 基于奇瑞商用车整车量产研发制造底蕴与全球领先的供应链和质量体系，以 及轻舟智航近百万台NOA量产上车的海量高价值数据，双方将共同打造真正车规级、安全可靠的量 产无人产品，共筑中国L4物流产品新标杆。 最后是服务共赢优势。 依托奇瑞商用车全球化智能交付与售后网络及轻舟智航行业领先的无人化平 台，客户将享受到行业独有的全球化、智能化交付与售后服务，体验到可持续的行业服务新生态能 力。 目前，双方联 ...

此次轻舟智航与奇瑞商用车在无人物流领域正式签约，双方将携手打造全球领先的车规级无人驾驶 商用车平台，形成三大行业优势： 11月15日，轻舟智航与奇瑞商用车达成无人物流战略合作，双方将携手打造行业全新的量产级L4 物流产品，整合各自在自动驾驶技术、整车量产制造及全球市场资源等领域的优势，推动无人物流车在 城市配送全场景的规模化应用。 目前，双方联合打造的首款无人物流车已陆续在苏州、金华、芜湖等城市投入运营，未来将逐步推 广至全国核心城配区域乃至全球市场。 轻舟智航联合创始人、CEO于骞博士表示："奇瑞是中国汽车工业的技术标杆与全球化典范。轻舟 智航的使命是将无人驾驶带进现实。此次我们与奇瑞商用车的合作，标志着轻舟智航形成了'出行+物 流'双线商业化落地布局。" "我们将把经过大规模量产验证的领先技术与数据闭环能力，高效赋能无人物流车的开发，携手奇 瑞商用车打造为量产而生的行业顶尖L4无人物流产品，以技术创新助力全球物流行业新升级。"于骞 说。 奇瑞商用车总经理巩月琼表示："与轻舟智航达成战略合作是奇瑞商用车加速推进智能化、全球化 发展的重要一步，无人物流车更是全业务布局的关键一环。奇瑞商用车的整车研发、生产、供 ...

Core Insights - Xidi Intelligent Driving has submitted its prospectus to the Hong Kong Stock Exchange for the third time, indicating resilience in the intelligent driving sector [2] - In the first half of 2025, the company reported revenue of 402 million RMB, a 56% increase year-on-year, but its net loss expanded to 455 million RMB, nearly four times the loss of 122 million RMB in the same period of 2024 [2][4] - The company has delivered 304 autonomous mining trucks and has received over 600 equipment order intentions, ranking sixth in China's intelligent driving commercial vehicle market with a 5.2% market share [4] Financial Performance - Revenue for 2025 is projected at 408 million RMB, with a significant increase in sales costs leading to a gross loss of 69.7 million RMB [3] - Research and development expenses accounted for over 37.1% of total expenditures in the first half of 2025, while general and administrative expenses reached 200 million RMB, consuming nearly 48.9% of the company's revenue [6][7] - The company has faced a cash flow crisis, with the last financing round occurring in February 2024, raising 24 million RMB, and a significant gap since then raises concerns about liquidity [4][7] Market Position and Challenges - Xidi Intelligent Driving operates primarily in closed environments, such as mining and ports, which limits market capacity and is dominated by state-owned enterprises, leading to slow project cycles and payment processes [5] - The company's strategy of focusing on closed environments was initially seen as a way to avoid competition in the passenger vehicle sector, but this approach is now revealing limitations as market growth slows [6] - The company’s comprehensive product offerings in intelligent transportation systems may dilute focus during the commercialization phase, posing a challenge for sustainable growth [7]

Investment Rating - The report does not explicitly state an investment rating for the unmanned logistics vehicle industry Core Insights - The unmanned logistics vehicle is defined as an intelligent transport tool based on autonomous driving technology, primarily used in logistics scenarios for express delivery, with applications expanding to industrial parks, airports, and medical centers [3][5] - The primary application scenario for unmanned logistics vehicles is the delivery service from express points to community stations, which helps logistics companies reduce costs and improve efficiency [5][8] - As of 2024, the scale of unmanned logistics vehicles in China has exceeded 6,000 units, with urban end delivery being the fastest-growing core scenario [18] - The price of unmanned logistics vehicles has significantly decreased from millions to tens of thousands due to technological breakthroughs, scale production, and market competition [25] Summary by Sections Application Scenarios - Unmanned logistics vehicles are mainly used for short-distance transportation (5-20 km) between express points and community stations, replacing traditional delivery vehicles and reducing labor costs [5][8] - The urban delivery market is the fastest to adopt unmanned logistics vehicles, with cities like Shenzhen achieving daily transport volumes of 80,000 packages and a cost reduction of 1.32 yuan per package [18] Market Segmentation - The market application distribution of unmanned logistics vehicles includes 70% in urban delivery, 15% in rural delivery, and 10% in cold chain logistics [12][13] - The cold chain logistics demand is projected to reach 365 million tons, with a year-on-year growth of 4.3%, driven by fresh e-commerce and medical delivery scenarios [18] Cost Dynamics - The price of unmanned logistics vehicles is expected to continue decreasing due to advancements in technology, particularly in the localization of key components like LiDAR and batteries [25] - The operational costs of unmanned logistics vehicles are significantly lower than traditional fuel vehicles, with reduced labor and energy consumption [25] Policy Impact - China's supportive policies have transitioned the unmanned logistics vehicle industry from pilot exploration to large-scale implementation, with sales increasing eightfold in the past three years [31] - In contrast, the U.S. and EU face limitations due to regional policies and high adaptation costs, affecting market promotion [31] Competitive Landscape - The market is characterized by a "head-led, scenario-segmented, ecosystem-coordinated, and standard-unified" competitive structure, with major suppliers categorized into three types: autonomous driving technology firms, delivery scenario-focused companies, and automotive background firms [38] - The competition is shifting from a focus on technology to ecosystem collaboration, with logistics giants and tech companies forming alliances [38]