Feasibility analysis of Jiushi Intelligent Investment
An interactive investment memo
Executive Summary
Market Opportunities
The low-speed unmanned commercial vehicle market is on the eve of an explosion, driven by labor cost pressure in the logistics industry and strong policy support. It is the most certain track in the field of autonomous driving.
Company Positioning
With a full stack of self-developed technology and a disruptive price of ¥19,800, Jiushi Intelligence has quickly established a first-mover advantage, and its products have been highly recognized by the market.
Core risks
Long-term profitability is highly dependent on the uncertain variable of "people-to-vehicle ratio". At the same time, it faces fierce market competition and potential risks of tightened regulation.
Investment Thesis
On the premise of satisfying due diligence on the operating economic model, order quality and technological moat, investing in Jiushi is a precise bet on the theme of the era, and is expected to yield considerable returns.
Market opportunities: the economic inevitability of a trillion-dollar track
The low-speed driverless car market is no longer a futuristic concept, but a reality driven by economic laws and policy forces. Its commercialization path is clear and the investment window has been opened.
China's unmanned commercial vehicle market size forecast (100 million yuan)
Company analysis: the integration of technology and business model
Jiushi Intelligence's core competitiveness lies in the deep integration of its products and technologies, which directly addresses industry pain points with disruptive pricing and clear ROI commitments.
Robovan E6: Disruptive Product Power
The cost is reduced by 91% compared to the first-generation model , shifting customer decisions from heavy capital expenditure to light operating expenditure, aiming to maximize and accelerate market penetration.
Business model: Land and expand
Hardware Sales(Land)
Attract customers with extremely low car prices, quickly expand the market, build installed capacity, and form a data flywheel.
Software/Service Charges (Expand)
Obtain high-profit recurring revenue through FSD subscriptions, cloud platforms, remote monitoring, etc.
Competition landscape: a battlefield full of competitors
Click the button below to interactively explore the main competitors and their strategic positioning in the unmanned urban distribution track. Jiushi Intelligence faces fierce competition from multiple dimensions.
Nine Consciousness Intelligence
Core strategy: Focus on urban distribution scenarios and seize the market through rapid scale-up and extreme cost control (the bare car price of the E6 model is 19,800 yuan).
Scaling progress: 100+ cities, >1,000 vehicles, >100 million orders
Finance and Risk: ROI Model and Core Variables
The essence of investing in Jiushi is to bet on its technology and operational capabilities to achieve a profitable "people-to-vehicle ratio". Use the slider below to intuitively experience the huge impact of this core variable on the customer cost model.
Annual Total Cost of Ownership (TCO) Comparison
Core variable: Ratio of people to vehicles
Adjust the ratio of remote operators to vehicles and observe the changes in costs of the unmanned vehicle model.
Model Results
Annual cost savings: ¥102,540/year
Payback period: 2.3 months
Final investment advice and due diligence
Bull Case
- The track is right: it is on the most certain commercialization track for autonomous driving.
- The market is huge: Facing the rigid cost reduction demand of the trillion-level logistics industry.
- Product verification: The disruptive price-performance ratio has received enthusiastic response from the market.
- First-mover advantage: initial lead in deployment scale and data.
- Policy tailwind: Enjoy the policy dividends of regulations, road rights and infrastructure.
Bear Case
- Profit model remains to be tested: long-term profitability is highly dependent on the “people-to-car ratio”.
- Fierce competition: Facing a double squeeze from startups and tech giants.
- The operational challenge is huge: the transformation from a technology company to a service operator.
- Systemic risk: The industry is highly vulnerable and susceptible to safety incidents.
Investment Preconditions: Core Due Diligence Checklist
Our "conditional buy" recommendation can only be executed after obtaining satisfactory answers to the following three points.
Validating remote operations models
Conduct penetrating checks on real operational data such as the “person-to-vehicle ratio” and takeover rate.
Verify order quality
Verify the legal validity and customer stickiness of large orders.
Verifying the Technology Moat
In-depth assessment of the uniqueness of its full-stack technology and the sustainability of its cost advantages.
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