According to the CITIC Construction Investment Securities Research Report, autonomous driving in mining areas is different from Robotaxi. Closed scenarios, rigid employment requirements, and clear cost reduction and efficiency value make the commercialization path more clear, and the industry is expected to enter the S-type acceleration phase after the penetration rate exceeds 10%. The domestic stock of nearly 100,000 mining cards provides room for continuous transformation. The expansion of large-scale coal mine fleets, the replication of metal mine projects, and the sinking of small and medium-sized mines will support domestic market growth; the value of bicycle services in high-labor cost markets such as overseas Australia is significantly higher than domestic, and is expected to open up a second growth curve.

According to the CITIC Construction Investment Securities Research Report, autonomous driving in mining areas is different from Robotaxi. Closed scenarios, rigid employment requirements, and clear cost reduction and efficiency value make the commercialization path more clear, and the industry is expected to enter the S-type acceleration phase after the penetration rate exceeds 10%. The domestic stock of nearly 100,000 mining cards provides room for continuous transformation. The expansion of large-scale coal mine fleets, the replication of metal mine projects, and the sinking of small and medium-sized mines will support domestic market growth; the value of bicycle services in high-labor cost markets such as overseas Australia is significantly higher than domestic, and is expected to open up a second growth curve.