After the birth of the world’s first stock of autonomous driving, where is the wind of capital blowing?

The third window period of investment in the autonomous driving trunk logistics track is about to open.

After the birth of the world's first stock of autonomous driving, where is the wind of capital blowing?

In 2021, the self-driving trunk logistics track is extraordinarily hot. On the one hand, it is the accelerated race of the track players in products and business; on the other hand, it is the swarming entry and successive injection of capital.

Financing”, “mass production”, “listing”, these words certainly have milestone significance, but for the “long-termism” track of autonomous driving, the story has just been told. The story has only just begun for the “long-termism” track of autonomous driving. The road to the commercialization of self-driving trunk logistics breakthrough starts with the firing of a gun, and the podium at the end is waiting in vain, who will be the first to arrive?

On May 19, 2021, Yiwu Intelligence officially released the “2021 China Self-driving Trunk Logistics Commercialization Application Research Report” to the public. In this report, EoI think tank carefully compares the background, value and current situation of the commercialization application of self-driving trunk logistics, provides deep insight and judgment on its commercialization difficulties and trends, and puts forward corresponding suggestions for industry reference.

Value Geometry
China’s road freight market has a trillion-dollar market scale, but for a long time, China’s road freight market has been plagued by frequent safety accidents, high costs, high emission pollution, low efficiency and other pain points. As a key part of road freight transportation, the pain points of trunk logistics are even more serious.

The application of self-driving trunk logistics is an excellent attempt to empower traditional industries with a new generation of digital technologies such as artificial intelligence, big data and cloud computing. On the one hand, safety, cost reduction and efficiency needs promote logistics enterprises to seek better freight solutions; on the other hand, policies promote the transformation and upgrading of the road freight industry, and promote the establishment of a green economy, convenient and efficient road freight system.

Against the background of real demand and policy encouragement, self-driving trunk logistics applications have emerged, which will effectively solve the series of pain points of trunk logistics through the gradual replacement of human drivers by self-driving systems, optimization of driving strategies and driving behaviors, and improvement of fleet management efficiency.

According to the estimation of Euromonitor, the potential economic benefits of self-driving trunk logistics in China will reach 140.45 billion yuan in 2030, and the market scale will reach 853.9 billion yuan. The nearly trillion market scale of self-driving trunk logistics track attracts technology companies, OEMs, logistics platform parties and other parties to jointly dig gold.

After the birth of the world's first stock of autonomous driving, where is the wind of capital blowing?

Multi-party Nuggets
According to Euromonitor, technology is the core element of self-driving trunk logistics application, while vehicle and cargo are the key industrial ecological resources to promote the commercialization process of self-driving trunk logistics.

Autonomous driving technology companies, commercial vehicle OEMs and logistics scenarios constitute the key three parties in the autonomous driving trunk logistics industry, while new parts and technology service providers are the important support for the autonomous driving trunk logistics industry.

After the birth of the world's first stock of autonomous driving, where is the wind of capital blowing?

Among the self-driving technology companies, the industrial positioning and business model of the head self-driving technology companies represented by Tucson Future, Yingcher Technology, Zhijia Technology, Mainline Technology and Hongjing Smart Driving are gradually becoming clear, and they are gradually forming obvious first-mover advantages at the capital and industrial levels. In addition to the head technology companies, cross-scene players represented by Xiao Ma Zhi Xing, Hidi Zhi Driving, Qing Zhi Technology, Jing Wei Heng Run, with differentiated technical advantages and host plant resources have also got the entry qualification of the autonomous driving trunk logistics track.

For commercial vehicle OEMs, the core of the layout of autonomous driving is to enhance product competitiveness with technological empowerment, dig deeper and consolidate the enterprise moat. The head commercial vehicle OEMs represented by FAW Jiefang, Dongfeng Group and China National Heavy Duty Truck have established deep cooperation with self-driving technology companies to jointly lay out self-driving trunk logistics, and have achieved a leading position in the mass production of L3-level self-driving heavy trucks.

As the downstream application party of autonomous driving trunk logistics, logistics scenario party mainly lays out autonomous driving through self-research, investment/joint venture, business cooperation and other ways. Compared with the route of self-research, which is technically difficult and risky, investment and joint venture are favored by logistics information platforms and logistics real estate parties, while logistics transportation companies prefer to carry out transportation business cooperation with self-driving technology companies directly.

Through the combing and analysis of the current situation of the layout and cooperation of all parties, Euromonitor has developed that the battle for the ecological position of the autonomous driving trunk logistics industry has already been fought. The leading self-driving technology companies have been deeply bound with the leading commercial vehicle OEMs and logistics scenario parties to form key industrial alliances to jointly promote the commercialization of self-driving trunk logistics applications. The parties of the industrial alliance will occupy favorable ecological position and gradually form the Matthew effect.

This means that for the new entrants and potential entrants of the self-driving trunk logistics track, the competition pressure is gradually increasing and the entry window period is accelerating and shortening.

Long and difficult road
The commercialization process of L4-class self-driving heavy truck can be divided into five stages: prototype, engineering verification, design verification, production verification and mass production, and the current L4-class self-driving heavy truck is still in the early stage of design verification. Technology, supply chain, laws and regulations are still three mountains that are difficult to overcome in the process of commercialization of self-driving trunk logistics, and the road to commercialization of self-driving trunk logistics is long and difficult.

From the technical level, there is a huge watershed between L3 and L4 level autonomous driving due to functional safety, moral constraints and legal regulations as well as endless edge cases during the evolution of autonomous driving systems, which is difficult to cross in a short period of time.

After the birth of the world's first stock of autonomous driving, where is the wind of capital blowing?

From the supply chain level, there are three major difficulties in the commercialization of autonomous driving trunk logistics: first, it is difficult to supply the mass production of key components such as LiDAR and computing platforms, second, the local commercial vehicle OEMs and suppliers are weak in line control chassis technology and product accumulation, and third, it is difficult to adapt to the development of key technologies and components for higher-order autonomous driving systems.

Right of way is another key factor that restricts the commercialization process of self-driving trunk logistics. The road test, demonstration application, road operation standard-setting authority and supervision mechanism related to self-driving heavy trucks are scattered in multiple departments such as automobile, transportation and safety. In the design verification period of L4-level self-driving heavy trucks and the critical period of mass production of L3-level self-driving heavy trucks, some regulations in the existing relevant laws and regulations, such as product management, traffic management, liability definition, insurance supervision, network security management and geographic information management, exist to restrict the contradictory points and gaps that may trigger potential risks in the development of self-driving trunk logistics applications.

The road to breakthrough
Faced with the three mountains of technology, supply chain and policy and regulation, the road to breakthrough in the commercialization of self-driving trunk logistics needs to be jointly promoted by many parties.

The mass production of L3-level self-driving heavy trucks on the road may break the watershed of self-driving system advancement.

According to Euromonitor, autonomous driving technology companies should accelerate the mass production engineering of L3 autonomous driving heavy trucks to create economic, compliant and efficient L3 autonomous driving heavy trucks; based on the massive amount of real road data obtained after the L3 autonomous driving heavy trucks are operated on the road, drive the algorithm to continuously optimize the evolution, improve the generalization of the autonomous driving system and advance to L4 autonomous driving system.

The collaborative development of industry, academia, research, government and enterprises will become a big help for the breakthrough of the commercialization of self-driving trunk logistics.

According to EIU, the industry, academia, research, government and enterprises should start from the following three aspects, and collaborate to promote the improvement of the supply chain of self-driving heavy trucks. First, the government and industry associations should work with key component suppliers to accelerate the development of industry standards and jointly promote the standardization and standardization of products in the industry; second, local OEMs and suppliers should actively promote the combination of industry, academia and research to fill the gaps in the research of commercial vehicle wire-controlled chassis and make up for the weak links in the independent supply chain; finally, upstream and downstream enterprises should establish a deep cooperative relationship, collaborate to solve the pain points of the scenario and make adaptations in product design and development. Product design and development for adaptation, and jointly promote the development and production of key technologies and components to adapt to higher-order autonomous driving systems.

The synergistic development of policies and laws and regulations will open the right-of-way opportunities for the commercialization of self-driving trunk logistics exploration.

In the opinion of EIU, at the level of policies and laws and regulations, the relevant departments and local governments of provinces and cities should first accelerate the testing and demonstration application of high-grade autonomous driving on highways and urban expressways, improve the access standards and management rules, develop the management basis of autonomous driving road test data, and give greater play to the value of road test data; secondly, establish the synergy of demonstration zones and promote cross-provincial and municipal demonstration Lastly, to address the adjustment and improvement of relevant standards and laws and regulations, and to improve the insurance system of self-driving vehicles to help commercialize the application of L3 self-driving heavy trucks.

Capital wind direction
As L4-class self-driving heavy trucks continue to advance from the design verification period to the mass production period, self-driving technology companies still need a lot of capital investment to continue to promote technical product development, mass production preparation and commercialization exploration.

In April 2021, Tucson Future, an autonomous driving technology company, successfully landed on NASDAQ in the United States, becoming the world’s first stock of autonomous driving in one fell swoop and taking a key step for autonomous driving technology companies to enter the secondary market.

After the birth of the first global autonomous driving stock, where is the wind of capital blowing to?

Based on the analysis of the growth stage of self-driving trunk logistics technology companies and track investment, Euromonitor judges that the third window of self-driving trunk logistics track investment is about to open, and the production strategy, management efficiency, industry location and voice, customer reach ability and commercialization degree will become the core indicators for the selection of high-quality investment targets in the third window.

After the birth of the world's first stock of autonomous driving, where is the wind of capital blowing?

During the third window of investment in the self-driving trunk logistics track, self-driving technology companies with good performance in the above core indicators will gain more favor from the capital market, and thus gain more food and grass to support their continuous running forward on the road of commercialization of self-driving trunk logistics.

Conclusion
As the brightest pearl in the crown of artificial intelligence, the huge application value and imagination space of autonomous driving attracts a lot of top talents to join it, and autonomous driving has become one of the most discussed hot topics in the industry.

People are always so eager about the future of autonomous driving that they sometimes overlook the difficulty of its industrialization and become frustrated with the short-term application effects. Limited by technology, supply chain, policy and other difficulties and challenges, the process of commercialization of self-driving trunk logistics is still a long and difficult road.

The poor mountain and the sea cannot be limited.

We always believe that autonomous driving will eventually be integrated into reality, empowered by technology, changing “sweat logistics” to “technology logistics”, creating a safer, greener, more efficient and convenient road freight system, and helping China’s logistics industry to develop with high quality.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/after-the-birth-of-the-worlds-first-stock-of-autonomous-driving-where-is-the-wind-of-capital-blowing/
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