Guo Zheng International: Yujia Innovation (02431) unmanned vehicle product landed, achieving key breakthrough in L4 business, maintaining target price of HK$31.4 and buy rating.

According to the Wise Finance and Economics APP, Guoce International released a research report stating that recently, Youjia Innovation (02431) launched two unmanned logistics vehicle products, T5 and T8, to complete business expansion. The bank believes that Youjia Innovation's L4 unmanned vehicle business has made a huge breakthrough, from unmanned buses to unmanned logistics vehicles, replicating autonomous driving technology from passenger scenarios to freight scenarios, including unmanned logistics, long-haul transportation, airport and mine specific scene dedicated vehicles and other business forms. It maintains a target price of HK$31.4, a buy rating, equivalent to 8.1 times the forecasted market sales rate for 2026.