Low-altitude economy and self-driving cars are important new technological means to reduce logistics costs, both belonging to the large transportation sector. In the long term, they will help improve China's overall factor productivity.
Zhongtong Finance APP learned that GTJA issued research reports stating that low-altitude economy and car-road cloud, both belonging to the new infrastructure field of large transportation, have wide applications in unmanned logistics and other areas. Low-altitude economy and self-driving cars are important new technological means to reduce logistics costs, both belonging to the large transportation sector. In the long term, they will help improve China's overall factor productivity. Various links in the industry chain will quickly expand, with vast market space, and related transportation information companies with unique technological product barriers or market advantages will benefit first.
GTJA's main opinions include:
Low-altitude economy and self-driving cars are important new technological means to reduce logistics costs.
On November 27, 2024, the Central Committee and the State Council issued the 'Action Plan for Effectively Reducing the Overall Social Logistics Costs', aiming to strive to reduce the ratio of total social logistics costs to GDP to around 13.5% by 2027.
In terms of strengthening innovation-driven development and improving quality and efficiency, the document mentions encouraging the development of new logistics models combining with platform economy, low-altitude economy, and self-driving cars, as well as improving and optimizing management standards and regulations, supporting commercial innovation applications by enterprises. Promoting the use of unmanned vehicles, unmanned boats, drones, unmanned warehouses, and unmanned handling equipment, strengthening the intelligent integration of warehousing and distribution, as well as the application of digital twins and other technologies, and innovating large-scale application scenarios. Low-altitude economy and self-driving cars, both belonging to the large transportation sector, are important new technological means to reduce logistics costs in the long term, which will help improve China's overall factor productivity.
There are extensive applications of unmanned scenarios in the transportation sector, and various links in the industry chain will rapidly expand.
According to Caixin on November 27, 2024, the Low-altitude Economy Alliance of China released the 'Low-altitude Economy Development Trend Report', which believes:
1. Drones will be everywhere, becoming the main tools for logistics and express delivery, agricultural and forestry protection, emergency rescue, urban management, power inspection, line inspection, and tourism.
2. With the improvement and maturity of new technologies such as artificial intelligence, human-computer interaction, and road network cloud, unmanned driving technology will also be widely popularized in aerial aircraft.
After approximately two or three years, the aerial transportation network and ground flight service facilities in major cities in China will be basically completed, and eVTOL will also be massively commercialized. The market price of eVTOL will gradually decrease from millions to 2-3 million by 2030. It is expected that 4-5 seat eVTOLs will remain in the price range of 2-3 million, potentially bringing in 0.1 million eVTOLs for household use or as aerial taxis.
Low-altitude economy and V2X new infrastructure have vast market space, and related companies will fully benefit.
To achieve unmanned and intelligent development in the transportation sector, thus reducing the overall societal logistics costs and increasing people's travel efficiency, a large amount of investment in software and hardware is required. The market space is broad. Low-altitude economy is an emerging industry at the trillion-yuan level, and the investment in V2X construction in a single large city can reach the hundred-billion level.
On one hand, the industry space is large enough, and companies in various links of the industry chain are expected to benefit. On the other hand, due to new types of transportation formats like the low-altitude economy and V2X involving factors such as standard setting, regional jurisdiction, local competition, companies with unique technological product barriers or market advantages will profit first, therefore, computer companies engaged in related software and hardware in the field of transportation informationization will fully benefit.
Investment advice
Recommended symbols: Tongxing Bao (301339.SZ), Laisi Information (688631.SH), Beijing Egova (300075.SZ).
Beneficiary symbols: China Transinfo Technology (002373.SZ), Shenzhen Genvict Technologies (301091.SZ), Shenzhen Genvict Technologies (002869.SZ), Vanjee Technology (300552.SZ).
Risk warning: Risks of technology and product iteration falling short of expectations, increasing competition risks.
