日前，九识智能与菜鸟无人车业务完成战略合并，整合后的九识智能同时运营九识与菜鸟无人车双品 牌。 中国证券报记者从九识智能获悉，在未来的市场布局中，九识智能与菜鸟无人车将形成清晰的差异化品 牌定位。 其中，九识智能将持续深耕自动驾驶全栈自研技术，提供全场景的智慧运力方案；菜鸟无人车则依托其 物流科技基因，聚焦特定场景和重点客户，提供基于RoboVan的智能供应链深度服务。两个品牌的产品 将通过技术共享、运营协同与资源互通，共同打造面向未来的RoboVan生态，实现在不同市场维度的发 展。 九识智能表示，此次整合是自动驾驶产业从"单点突破"迈向"系统集成"的里程碑，将为公司注入更广阔 的全球化视野。 九识智能表示，截至2026年1月，九识智能无人车已覆盖全球超300个城市和地区，累计送单量超15亿 件，帮助客户平均降低运营成本66%。 九识智能表示，目前公司RoboVan车队总规模超2万台。自成立以来，九识智能始终坚持以L4级自动驾 驶技术解决城配物流的真实痛点，在四年内完成了从百台规模向万台量级的跨越。 2月25日，中国证券报记者从权威信源获悉，RoboVan（无人驾驶货车）龙头九识智能近日完成新一轮 超3亿美 ...

Core Viewpoint - RoboVan leader Jiushi Intelligent has completed a new financing round exceeding $300 million, with a company valuation surpassing 10 billion yuan [1] Group 1: Financing and Valuation - Jiushi Intelligent has raised over $300 million in its latest financing round, bringing its total valuation to over 10 billion yuan [1] - The investment round includes large industrial players and several government funds from first-tier cities [1] - This marks the sixth financing round for Jiushi Intelligent since its inception [1] Group 2: Strategic Developments - Jiushi Intelligent has merged its operations with Cainiao's unmanned vehicle business, operating under both Jiushi and Cainiao brands [1] - The integration aims to create a clear differentiation in brand positioning, with Jiushi focusing on full-stack self-research technology for autonomous driving and Cainiao targeting specific scenarios and key customers [1] - The merger is seen as a milestone in the autonomous driving industry, transitioning from "single-point breakthroughs" to "system integration" [1] Group 3: Market Expansion and Impact - Jiushi Intelligent plans to cover over 300 cities and regions globally by January 2026, with a cumulative delivery volume exceeding 1.5 billion packages [1] - The company claims to help clients reduce operational costs by an average of 66% [1] - The RoboVan fleet has grown to over 20,000 units, achieving a scale increase from hundreds to thousands within four years [2]

值得一提的是，2025年，九识与菜鸟完成战略整合，进一步夯实了行业领先地位，更中标中国邮政7000 台无人货运车采购项目，拿下全球最大L4级无人货运车集采订单。近日，九识智能董事长孔旗接受了 中国证券报记者的专访，深度拆解了企业从战略选择到商业化落地的核心逻辑，揭秘了这场自动驾驶产 业革命的底层密码。 押注L4级载货赛道 在多数同行扎堆Robotaxi（无人驾驶出租车）或封闭场景时，孔旗的战略选择显得格外清醒。"产业的 最后决胜实际上来自数据，而数据的价值在于两点：一是复杂的城市开放道路场景，二是商业模式能赚 钱，拿数据的时候要盈利，才能良性促进技术增长。"这一判断源于他在百度硅谷的从业经历。彼时， 他参与Robotaxi研发，深刻意识到载人场景的商业化困境——技术投入巨大却难以形成盈利闭环，而城 市开放道路的载货需求，恰好能弥补这一短板。 "城市开放道路上的载货一定是最先能够落地的，既能拿到核心数据，又能不亏钱，甚至赚钱。"基于这 一第一性原理，孔旗在2021年创立九识后，便坚定聚焦L4级无人货运赛道。为验证这一思路，九识团 队租下美团优选仓库，将传统面包车与自主研发的无人车开展对比实验，从2021年持续至 ...

Core Insights - The article highlights how Jiushi Intelligent has differentiated itself in the L4 autonomous driving sector by achieving positive cash flow and gross margin growth, becoming the world's largest RoboVan company with an 88% market share [1][3] Group 1: Strategic Choices - Jiushi Intelligent focuses on the L4 level autonomous freight sector, recognizing the profitability potential in urban open-road scenarios compared to the challenges faced in the Robotaxi market [2] - The company has developed a unique business model that allows customers to save costs and improve efficiency, which has led to a rapid expansion in city coverage from 10 to 310 cities by the end of 2023 [3][4] Group 2: Technological Breakthroughs - Jiushi achieved a significant technological milestone by becoming the first company to realize L4 autonomous driving capabilities without relying on centimeter-level high-definition maps, using lane-level navigation and real-time perception [4] - The company has also optimized operational costs, reducing remote human oversight costs to below 3% of total monthly costs, which is significantly lower than the industry average [5] Group 3: Market Position and Partnerships - Jiushi has established a strong market presence with a 76% market share in autonomous vehicle sales and an 88% market share in medium to large-sized vehicles, having delivered over 15,000 units [6] - The strategic integration with Cainiao enhances Jiushi's capabilities, combining resources and expertise to create a seamless logistics network [7] Group 4: Future Challenges - Jiushi faces three main challenges: the need for national regulatory breakthroughs in autonomous driving, pressures in expanding overseas markets, and the complexity of managing operations across multiple industries [7]

当L4级自动驾驶赛道仍有不少企业困于技术示范与持续亏损的循环时，九识智能已走出一条差异化破 局之路。这家成立于2021年的企业，不仅成为全球规模最大的RoboVan(无人驾驶货车)企业，更实现了 业务现金流与毛利率正向增长。截至2026年1月，其无人车已覆盖全球超300个城市和地区，累计送单量 超15亿件，帮助客户平均降低运营成本66%，在RoboVan领域以88%的市场占有率稳居全球第一。 如果说战略选择是九识的破局关键，那么技术突破与商业化落地的共振，则让其构建起难以复制的竞争 优势。2025年，九识接连跨过两个关键门槛，彻底拉开与同行的差距。 第一个门槛是技术层面的"轻地图"突破。2025年上半年，九识成为行业首个实现不依赖厘米级高清地 图，基于车道级导航地图+实时感知融合技术，在城市开放道路货运场景下达成L4级自动驾驶能力的企 业。这一技术已通过TüV莱茵L4级低速自动驾驶系统性能测试China-mark认证，且九识无人车是全球首 个通过ISO22737白天和黑夜场景测试的自动驾驶产品。 值得一提的是，2025年，九识与菜鸟完成战略整合，进一步夯实了行业领先地位，更中标中国邮政7000 台无人货运车采 ...

Group 1 - The core viewpoint of the news is the strategic integration between Jiushi Intelligent and Cainiao, focusing on the development of the RoboVan autonomous vehicle business [1] - Cainiao will inject its own autonomous vehicle business and make a cash investment to become a shareholder of Jiushi, supporting the creation of a RoboVan super carrier [1] - This partnership marks the official start of deep collaboration in the RoboVan field between the two companies [1] Group 2 - Following this strategic cooperation, Cainiao will no longer directly produce and sell autonomous vehicles but will leverage its logistics scenarios and ecological advantages to enhance the application of autonomous vehicles in the logistics sector [2] - Jiushi will obtain the "Cainiao Autonomous Vehicle" brand authorization, initiating a dual-brand operation [2]