A recent research report by Huatai Securities highlights the synergistic efforts of policy and industry forces that have intensified the commercialization of Robo X technologies, encompassing unmanned vehicles like Robotaxi and Robovan. This development has garnered substantial interest from the capital markets. By 2025, it is anticipated that the Robotaxi fleet will undergo significant expansion, marked by an uptick in orders and a foray into international markets. Concurrently, Robovan has already demonstrated the viability of its business model within the logistics sector, fostering a virtuous cycle. Furthermore, the commercialization of other unmanned applications, including Robosweeper, Robotruck, and drone logistics, is gathering pace, presenting investment prospects spanning the entire industry chain. Investors are advised to keep a close watch on related operating platforms, hardware providers, and scenario integrators.