Investment Rating - The report rates the smart logistics vehicle industry with a compound annual growth rate (CAGR) of 74.76% from 2025 to 2030, with the market size expected to grow from 0.511 billion to 8.337 billion [30]. Core Insights - The smart logistics vehicle industry has evolved from a technology incubation phase (2015-2019) to a large-scale development phase (2020-2022), and is currently in a scenario pilot phase since 2023, with significant cost reductions and regulatory improvements facilitating commercialization [4][13]. - The industry faces three main bottlenecks: technological limitations, insufficient infrastructure, and a lack of regulatory frameworks [12]. - The logistics cost pressure is driving the adoption of smart logistics vehicles, as last-mile delivery costs have risen significantly, prompting companies to seek automation solutions [11]. Summary by Sections Industry Definition - The definition of unmanned delivery vehicles varies, with the industry leaning towards classifying them as N1 (total mass less than 3,500 kg) and A class (equipped with autonomous driving systems) vehicles [5]. Industry Classification - Unmanned logistics vehicles are categorized into low-speed, medium-speed, and other unmanned delivery vehicles based on their maximum design speed [6][7][8]. Development History - The industry has undergone a complete development cycle since 2015, with key milestones including the introduction of various unmanned delivery vehicles and significant policy support in China [13][14][16][17]. Industry Chain Analysis - The industry chain consists of upstream core component suppliers, midstream solution providers, and downstream application segments focused on reducing last-mile delivery costs [18]. Cost and Technology Drivers - The significant reduction in core component prices has led to a drastic decrease in vehicle costs, facilitating commercialization [19][23]. - The industry is transitioning towards a lightweight perception approach, utilizing visual systems supplemented by minimal laser radar [27]. Market Size and Growth - The smart logistics vehicle market is projected to grow from 0.511 billion to 8.337 billion from 2025 to 2030, driven by the need for cost reduction and efficiency improvements in logistics [30][31]. Policy Overview - Various policies have been introduced to support the application of unmanned delivery vehicles, emphasizing their role in enhancing logistics efficiency and reducing costs [36][37]. Competitive Landscape - The competitive landscape is characterized by a tiered structure, with leading companies like Jiusi and New Stone Technology at the forefront, while others are positioned in the second and third tiers based on their market strategies and capital investments [38][39][40].

Core Viewpoint - The 17th International Transportation Technology and Equipment Exhibition showcases cutting-edge technologies and innovations in the transportation sector, highlighting advancements in smart transportation, autonomous driving, and logistics efficiency [1][3]. Group 1: Innovations in Transportation - The exhibition features a unique SUV designed for rural road inspection, capable of assessing road conditions using a "visual system" that identifies surface defects and generates a 3D "health record" of the road [1]. - A L4 autonomous vehicle developed by Didi and GAC Aion is equipped with 33 sensors, including infrared cameras, enabling it to recognize pedestrians even in low light conditions. This model is set for delivery by the end of this year and aims for demonstration operations in select areas by 2026 [2]. - The exhibition also showcases a silver autonomous truck from Pony.ai, which has safely traveled 6 million kilometers and transported over 9.4 billion ton-kilometers of goods, significantly reducing logistics costs and improving efficiency [2]. Group 2: Broader Trends in Transportation - The event highlights various advanced technologies, including flying cars, intelligent delivery vehicles, and underwater drones, reflecting breakthroughs in autonomous driving, low-altitude economy, and energy integration [3]. - The International Transportation Exhibition, organized by the Ministry of Transport of China, has been held since 1992 and has increasingly contributed to the integration of transportation technology innovation and industry development [3].