Unmanned logistics vehicles seize the opportunity, Jiu Shi Intelligent releases new product L5 to reshape the industry ceiling.

Last year, in the second half of the year, self-driving taxis CHENQI TECH and Xiaoma Zhixing were successively listed on the Hong Kong Stock Exchange and the US Stock Exchange, attracting many institutional investors and industrial capital to enter the market. This year, the investment wind is blowing towards unmanned logistics vehicles. As a leading global self-driving technology company, Jiu Shi Intelligent, the leader in self-driving logistics vehicles in the city distribution B2B market, has received high attention from capital. In April of this year, the company completed a $100 million Series B3 financing, with the total amount of Series B financing reaching nearly $300 million. Investors include DHVC & Baifu, Asia Investment Capital, Sequoia Capital, and logistics industry investors, among others. This is mainly due to the rapid development of AI, with capital betting shifting from self-driving taxis to self-driving logistics vehicles. In fact, under the triple resonance of policy, technology, and market, the unmanned logistics vehicle industry in China is at a historic turning point towards commercial scale. By 2025, many places will open L4-level automated driving test roads, involving scenarios such as taxis, commercial vehicles, and logistics vehicles. The policy dividends continue to be released, while the maturity and breakthrough of software and hardware technology clear obstacles for commercialization. According to industry authoritative organizations, by 2025, the market size of unmanned logistics vehicles will exceed RMB 49 billion, and is expected to reach RMB 263.4 billion by 2030, with a compound annual growth rate exceeding 40%. At present, there are no pure investment targets in the capital market, which is why capital is rushing to subscribe for high-quality targets in the primary market in order to obtain higher valuation premiums. As a global leader in automatic driving city distribution solutions, Jiu Shi Intelligent, with its full-stack self-developed technology system and scalable commercial landing capabilities, has been operating in nearly 300 cities worldwide, with a total operating mileage of over 30 million kilometers, making it a hot commodity in the market. It is reported that Jiu Shi Intelligent recently launched the new product L5. This is the industry's first unmanned logistics vehicle with a load capacity of 1800kg, equipped with L4-level autonomous driving full-stack self-developed technology, NOA function with light map technology, and functions such as autonomous path planning and intelligent obstacle avoidance to ensure the safety and efficiency of the transport process. In the same price range, the L5 software and hardware technologies are industry-leading. The competitive advantage of the new L5 is significant, "redefining" the industry ceiling According to official disclosures from Jiu Shi Intelligent, the usage scenarios of the unmanned logistics vehicle L5 include large supermarkets, chain convenience stores, beverages, grains and oils, fruits and vegetables, hotel linen, tire automotive, hardware pipelines, bonded parks, and internal logistics, involving the companys community group buying business, supermarket retail business, express delivery business, and brand business in four major dimensions. Compared to market competitors, the L5 has three major competitive advantages: First, leading load capacity, the industry's first 1800KG load capacity, while most competitors on the market have load capacities of around 1000KG. Second, excellent range and efficient charging, with a maximum range of 220 kilometers, and full support for 400V high-voltage fast charging, especially for bulk charging for KA major customers, reducing charging time. Third, it has the most advanced level of intelligence in the industry, possessing self-developed software and hardware L4-level full-stack capability, using light map technology, and with more detailed safety features, such as rear collision warning, emergency stop button for vehicles, interior cargo monitoring, and TWOBOX. The unmanned logistics vehicle industry is currently in the initial rapid development stage, with high industry thresholds and few participants. The market product supply is relatively scarce. Looking across the industry, Jiu Shi Intelligent's L5 reshapes the industry ceiling in terms of load capacity, overcharging, and autonomous driving capabilities, opening up the market space for large-scale item logistics delivery in different business scenarios in the city distribution market. The emergence of L5 also puts pressure on existing peer competitors. However, the industry market pie is large, and participants can all get a share of it. As mentioned earlier, authoritative institutions predict that by 2030, the market size of unmanned logistics vehicles will reach RMB 263.4 billion, equivalent to 5.4 times that of 2025. Unmanned logistics vehicles significantly reduce costs for the logistics industry, as the logistics industry is the most core application scenario. Data shows that there are over 15 million logistics vehicles in the city distribution scene in China, and there is a huge potential for unmanned logistics vehicles to replace them. L5 is just one of the products in the Jiu Shi Intelligent L series. Other products available include the Z series and E series, designed for different business scenarios. The company has received favor from industrial capital and several well-known institutional capital companies. On one hand, the company has a solid foundation, rich product portfolio, and leading-edge technology, and on the other hand, it is a stable leader in global expansion and is expected to quickly grow into an industry leader. Strong full-stack self-developed technology, promising future for large-scale commercial use Jiu Shi Intelligent has strong research and development capabilities, with a full-stack self-developed L4 technology system. The core technology architecture covers key links such as multi-sensor fusion perception, decision-making planning algorithms, vehicle-road collaboration, and more, creating an irreplicable technological barrier at the software and hardware levels. Recently, Jiu Shi has also established a joint lab with Shanghai Jiao Tong University to jointly develop cutting-edge automatic driving technologies, including large-scale models. To address different target business scenarios, the company continues to enrich its product portfolio, including the Z series, E series, and L series. The new product L5 in the L series is the first product specifically for heavy-duty logistics scenarios, further opening up new business demands and expanding industry application space. It is worth mentioning that all products in Jiu Shi Intelligent's product lineup are equipped with full-stack self-developed technology, making the products unique and irreplicable, providing a differentiation competitive advantage. In terms of software technology, the company uses multi-modal multi-task Transformer detection networks, multi-scene pre-decision algorithms, and dynamic distributed scheduling framework ZGO for collaborative work. The system inference latency is controlled within 100 milliseconds, which is only 25% of the industry average, far ahead of its peers. In terms of hardware technology, the company fully adopts vehicle-grade automatic driving suites, with key components completely localized, ensuring vehicle reliability while mitigating risks of foreign supply chain blockages. Additionally, the company has pioneered the "flat-top intelligent suite" for flexible customization of cargo box dimensions. In terms of product performance, the company's unmanned logistics vehicles demonstrate outstanding environmental adaptability, able to handle complex terrains such as rural wilderness, tunnels, as well as extreme environments like deserts, water crossings, salt fog, extreme cold and heavy snow. In urban scenarios, including multi-story building distribution, pole lift passage, narrow road U-turns, congested road passages, and more than 70 typical logistics scenes, the company's unmanned logistics vehicles can maintain efficient and stable operation. Specifically, Jiu Shi Intelligent's Z series, starting from the global first L4 city distribution mass-produced Z5 in 2023, continuously iterates and upgrades products. Offerings such as Z2/Z5/Z8 cover narrow road parks, standard deliveries, long-distance scenarios; the E series deepens scenario segmentation, with the first E6 focusing on light parcel logistics, aiming to differentiate in areas such as express delivery, medical equipment, and light throw goods; and the L series, with the first L5 covering scenarios extending to grains and oils and tire automotive supplies, meeting the needs of most heavy-duty logistics scenarios. Regarding pricing, all products in the lineup are relatively affordable, with a pricing model of base price + FSD subscription fee. The Z series has a base price ranging from RMB 40,000 to 90,000 depending on range and configuration, with a subscription fee of RMB 6,000 to 9,000 per quarter; the E series has a lower base price in the range of RMB 20,000 to 30,000, with a subscription fee of RMB 1,800 to 2,000 per month, with the E6 having an empty range price of 130 kilometers selling at only RMB 19,800, with a subscription fee of RMB 1,800 per month, making it highly cost-effective and widely recognized by customers. With a combination of "affordable pricing + flexible service + outstanding performance," Jiu Shi Intelligent will accelerate the promotion of unmanned delivery technology from demonstration to large-scale commercial use, ushering in a new era of intelligent logistics for all. Facing the huge industry trend, on the one hand, the company firmly grasps policy dividends and actively deploys in various cities, with operations already in nearly 300 cities globally; on the other hand, it actively explores new scenarios, having strategic cooperation with Xingluo Intelligent in July, exploring new development opportunities for integrated aerial and ground inspections with unmanned vehicles. As of now, the company's customers have achieved comprehensive coverage of top enterprises and small and medium-sized customers in various fields such as express logistics, medicine, fresh cold chain, supermarkets, tire automotive, and urban basic services. Additionally, the company's globalization strategy has been fully launched, with landing in regions such as Singapore and successfully obtaining the first unmanned logistics vehicle license plate in Singapore. Its unmanned vehicle products have entered the supply chain system of local leading companies in Singapore such as FairPrice. Overall, the release of the new product L5 by Jiu Shi Intelligent breaks industry records in multiple performance aspects, filling the gap in the market for heavy-duty unmanned logistics vehicles, and is expected to receive market orders in various heavy-hauling scenarios. Unmanned logistics vehicles are about to enter large-scale commercialization, and by virtue of its strong full-stack self-developed technology, Jiu Shi Intelligent has launched a series of products for different application scenarios to consolidate its competitive advantage and continuously expand its global market presence. In the race on the track of unmanned logistics vehicles, the company is at the forefront of the industry and is becoming the leader in the trillion-dollar city distribution B2B market, with a promising future.