www.leadleo.com 中国汽车行业调研简报|2025/11 报告标签：无人物流车、Robotaxi、市场玩家、跨界玩家、竞争格局、发展趋势 2025年11月 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均系头豹研究院独有的高度机密性文件（在报告中另行标明出处者除外）。未经头豹 研究院事先书面许可，任何人不得以任何方式擅自复制、再造、传播、出版、引用、改编、汇编本报告内容，若有违反上述约定的行为发生，头豹研究 院保留采取法律措施、追究相关人员责任的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹"的商号、商标，头豹研究院无任何前述名 称之外的其他分支机构，也未授权或聘用其他任何第三方代表头豹研究院开展商业活动。 1 头豹调研简报|2025/11 汽车行业 Q1：什么是无人物流车？进入2025年以来，无人物流车市场为何受到广泛关 注？ ◼ 无人物流车是一种基于自动驾驶技术的智能运输工具，是L4级自动驾驶技术的商业 化落地场景之一 无人物流车是无人驾驶技术在物流领域的重要落地载体，是具备在封闭区域和城市道路 上自动行驶功能、可实时监测周围环境、能正确识别和响应各种交通标志、标线 ...

五震荡走低，险守二十天线。恒指随外围低开 132 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周一港股三大指数全天强势震荡，恒生指数收涨 2.53%报 27081.91 点，恒生科技指数涨 3.34%报 5385.35 点，恒生中国企业指数涨 2.65%报 9197.38 点。大市成交 1730 亿港元。科技龙头、 半导体、有色股表现亮眼，紫金矿业、美团、中 芯国际涨超 5%，涨幅位居恒指成分股前列。新能 源汽车股普涨，蔚来涨近 6%，比亚迪股份涨近 5%。行业方面，恒生原材料业指数大涨 4.27%， 赣锋锂业涨超 8%，紫金黄金国际、五矿资源涨近 7%。大模型概念股回落，智谱跌近 ...

Group 1 - The core viewpoint of the news is the strategic partnership formed between Youjia Innovation, Dizhantian Green Technology, and Bihuo Technology to develop and deliver 3,000 autonomous logistics vehicles that meet automotive-grade standards [2][3] - The collaboration aims to leverage each company's strengths in operational management, research and development, and L4 autonomous driving technology to enhance the efficiency and cost-effectiveness of logistics operations [2][3] - Youjia Innovation will lead the integration of the intelligent driving system and chassis system, ensuring compliance with national and industry certification standards for the autonomous logistics vehicles [2][3] Group 2 - Dizhantian will contribute its deep understanding of logistics scenarios to define the product, providing insights on functionality, performance metrics, design, and cost control [3] - Bihuo Technology will focus on the development of the chassis system, managing the entire process from component selection to performance validation and production [2][3] - The partnership aims for large-scale deployment of autonomous logistics vehicles across various scenarios, enhancing logistics efficiency and creating a replicable model for cost reduction and efficiency improvement in the industry [3]

近日，佑驾创新(2431.HK)正式宣布与地上铁绿色科技(深圳)股份有限公司、深圳壁虎新能源汽车科技 有限公司达成战略合作伙伴关系。三方将整合优势资源，共同推进3000台车规级无人物流车的设计、生 产与交付，以规模化效应弥补市场空缺，全力攻坚核心市场份额，并实现关键性市场突破，为无人物流 规模化落地树立标杆。 根据合作协议，三方将以"优势互补、协同发展、共创共赢"为宗旨，精准切入无人物流市场的核心需 求，构建起从技术研发、整车量产到市场落地的全链条协同体系。 佑驾创新将严格对标国家及行业车规级认证标准，全面负责无人物流车核心技术落地，为车辆安全可靠 运行筑牢技术根基；壁虎科技将主导无人物流车底盘系统研发，为整车性能提供坚实硬件支撑；地上铁 将依托丰富市场资源与运营经验，深度参与产品定义，为产品功能、性能、外观及成本控制提供实操性 建议。 此次战略合作的达成，深度整合了佑驾创新全栈自研的L4级自动驾驶技术与量产经验，壁虎科技丰富 的汽车研发及制造经验，以及地上铁成熟的物流运营网络与市场洞察力，将有效降低物流成本，为行业 提供可复制的降本增效样本，助力智慧物流生态建设。三方将以此次合作为起点，全力推进项目落地， ...

观点网讯：2月23日晚间，佑驾创新在港交所公告，公司近期与地上铁绿色科技（深圳）股份有限公司 （简称"地上铁"）及深圳壁虎新能源汽车科技有限公司（简称"壁虎科技"）正式达成战略合作协定。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 三方将以市场需求为导向，充分整合各自在运营管理、研发制造、L4自动驾驶技术等领域的核心能 力，建立全面战略合作伙伴关系，共同完成3000台符合车规级标准、具备市场竞争力的无人物流车的设 计、生产与交付，以形成规模效应，弥补市场空缺，全力抢占市场份额，树立行业领先的产品与品牌地 位。 ...

Core Viewpoint - The strategic cooperation agreement among Youjia Innovation, Dizhantian Green Technology, and Wall Gecko Technology aims to develop and deliver 3,000 autonomous logistics vehicles that meet automotive standards, enhancing market competitiveness and establishing a leading industry position [1][2]. Group 1: Cooperation Framework - The collaboration focuses on the research, manufacturing, and commercialization of autonomous logistics vehicles, emphasizing "complementary advantages, collaborative development, and win-win creation" [1][2]. - Youjia Innovation will ensure compliance with national and industry automotive certification standards, focusing on core technical indicators for the autonomous logistics vehicles [1][2]. - Wall Gecko Technology will lead the development of the vehicle chassis system, managing the entire process from component selection to performance validation and multi-scenario testing [2]. - Dizhantian will contribute to product definition, leveraging its understanding of logistics scenarios to provide practical suggestions for product features, performance metrics, and cost control [2]. Group 2: Market Deployment and Impact - The parties agree to scale deployment by integrating manufacturing systems and operational resources, aiming for mass implementation of autonomous logistics vehicles across various scenarios to enhance logistics efficiency and cost-effectiveness [2]. - The collaboration is expected to break traditional industry barriers and promote the large-scale application of autonomous driving technology in urban logistics [2]. - The long-term prospects for the L4 autonomous logistics vehicle business are positive, with significant progress since its launch, including multiple orders exceeding 100 units and successful product deliveries in various cities [3].

Core Viewpoint - The strategic cooperation agreement among Youjia Innovation, Dingshang Iron, and Bihu Technology aims to develop and deliver 3,000 autonomous logistics vehicles that meet automotive standards, enhancing market competitiveness and establishing a leading industry position [1][2]. Group 1: Cooperation Framework - The collaboration focuses on leveraging each party's strengths in operational management, R&D, and L4 autonomous driving technology to create a comprehensive strategic partnership [1]. - The agreement emphasizes "complementary advantages, collaborative development, and win-win creation" in the research, manufacturing, and commercialization of autonomous logistics vehicles [2]. Group 2: Responsibilities and Contributions - Youjia Innovation will ensure compliance with national and industry automotive certification standards, leading the integration of smart driving and chassis systems, and conducting comprehensive testing to deliver operational vehicles [1][2]. - Bihu Technology will lead the development of the vehicle chassis system, managing the entire process from component selection to performance validation, ensuring structural stability and operational reliability [2]. - Dingshang Iron will define the product based on deep insights into logistics scenarios, providing practical recommendations for product features, performance metrics, and market expectations [2]. Group 3: Market Deployment and Future Prospects - The parties agree to scale deployment by integrating manufacturing and operational resources, enhancing logistics efficiency and cost-effectiveness [2]. - The board believes that this cooperation will effectively reduce logistics costs and provide a replicable model for cost reduction and efficiency improvement in the industry [3]. - The long-term outlook for the L4 autonomous logistics vehicle business is positive, with significant progress and multiple orders exceeding 100 units already secured [3].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Minieye Technology Co., Ltd （於中華人民共和國註冊成立的股份有限公司） 深圳佑駕創新科技股份有限公司 （股份代號： 2431） 自願性公告 簽署無人物流領域戰略合作協議 本 公 告 乃 由 深 圳 佑 駕 創 新 科 技 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 「本集團」）自 願 刊 發。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 公 司 近 期 與 地 上 鐵 綠 色 科 技（深 圳）股 份 有 限 公 司（「地上鐵」）及 深 圳 壁 虎 新 能 源 汽 車 科 技 有 限 公 司（「壁虎科技」）正 式 達 成 戰 略 合 作 協 定（「合作協定」）。三 方 將 以 市 場 需 求 為 導 向，充 分 整 合 各 自 在 運 營 管 理、研 發 製 造、L4自 動 駕 駛 ...

Group 1 - The Jiangsu Wuxi Economic Development Zone Taxation Bureau is actively engaging with local markets and businesses to provide policy support and improve services, contributing to high-quality regional economic development [1][8] - The Fangmiao Farmers' Market serves nearly 200,000 residents and is a key focus for the tax bureau, which has implemented a "grid + professional" management model to assist 9,300 individual businesses [2][3] - The market is projected to achieve an annual sales revenue of over 57 million yuan in 2025, with a year-on-year growth of 17.02%, supported by tax relief policies [3] Group 2 - The "Huadian Shijian" flower shop in the Bafanghui business circle has benefited from tax incentives, allowing the owner to save over 10,000 yuan since 2025, which will be reinvested into the business [4][5] - The Auchan supermarket chain has also seen increased sales during the festive season, with the tax bureau providing specialized guidance for tax processing as the company expands its operations [4][5] - Wuxi Youqi Intelligent Technology Co., Ltd. has increased its R&D investment by 50% in 2025, supported by tax incentives such as R&D expense deductions and export tax rebates, leading to a projected revenue of over 350 million yuan [7][8] Group 3 - The tax bureau is committed to optimizing the tax payment experience and ensuring the effective implementation of tax relief policies, with plans to deepen the "policy outreach" mechanism [8]

河南日报讯（全媒体记者 杨凌 高利国）新春伊始，郑州航空港经济综合实验区再传佳音。2月4 日，富士康新能源汽车研发中心在此正式投入运营。该中心的启用标志着富士康新事业总部的系列布局 在河南进入实质性落地新阶段。 该研发中心位于郑州航空港东南部加速崛起的汽车城内，与比亚迪郑州工厂毗邻。这一布局将提升 区域内的供应链协同效率，撑起郑州航空港作为新能源汽车高地的核心竞争力。 "这不仅仅是一座工厂的启用，更是富士康在新能源汽车时代全速起航的关键里程碑。"富士康新能 源汽车产业发展（河南）有限公司负责人李光曜表示，"它标志着富士康已构建起从产品规划、平台开 发到整车制造的全价值链实力。" 据介绍，依托数字化研发平台与智能工厂的深度协同，基地将构建起高效的产业生态圈，新车型的 投产周期可缩短至24个月。 更令人震撼的是"车+机器人"的协同作战：无人物流车与人形机器人搭配，直接打通了物流"最后十 米"。从自动分拣、搬运到无人配送，室内外一体化全自动流程在这里完成了闭环。 近期，富士康"加码"投资河南动作频频，除扩建生产厂房外，更是与郑州航空港国企合资成立了专 注于高端电子产品精密制造的河南鸿创科技有限公司。 2023年，富 ...