Major Milestone Advances
Autonomous Heavy-Duty Truck
Commercialization
SHANGHAI, May 9, 2024 /PRNewswire/ -- Inceptio
Technology ("Inceptio," or the "Company"), an industry leading
developer of autonomous driving technologies for heavy-duty trucks,
today announced that heavy-duty trucks powered by the Inceptio
Autonomous Driving System and its Truck Navigate-on-Autopilot
(T-NOA) capabilities have surpassed the significant
milestone of 100 million kilometers in safe commercial operations,
reinforcing Inceptio's global leadership in the commercialization
of autonomous trucks.
This achievement underscores how L3 and L2+
autonomous heavy-duty trucks have been successfully deployed
across the line-haul logistics sector, including express delivery,
less-than-truckload (LTL) transportation, as well as contract
logistics. This also reflects the significant value that autonomous
trucks offer logistics operators.
Accelerating the Adoption of Autonomous
Trucks Across the Line-Haul Logistics
Sector
Inceptio-powered trucks surpassed 50 million kilometers of safe
commercial operations in August 2023.
Building on this success, Inceptio rapidly expanded the number of
compatible truck models and surpassed the 100-million-kilometer
mark by the end of April 2024.
Inceptio's Autonomous Driving System covers 83% of China's national highways connecting
7 major economic zones. Over the course of the 100 million
kilometers, a total of 1,864 drivers safely used Inceptio-powered
L3 and L2+ trucks in their daily operations.
Current customers include all the top logistics companies
in China such as ZTO Express
(NYSE: ZTO and HKEX: 2057), YTO Express (HKEX: 6123), STO Express
(SZSE: 002468), JD Logistics (HKEX: 2618), and SF Express
(SHE: 002352). Inceptio has also established an
extensive footprint across the contract logistics segment
including cold chain, automotive, beverages, and fast-moving
consumer goods among many others, serving global brands like
Budweiser and Nestlé. Inceptio's autonomous driving technology
caters to a diverse user base—from big logistics companies to small
fleets and individual operators.
Inceptio has partnered with several leading Chinese truck
manufacturers to pre-load mass produced trucks with the
Inceptio Autonomous Driving System. These partnerships have
expanded the number of trucks Inceptio powers and include popular
models from Dongfeng, Sinotruk, Foton and Liuqi that are available
in both 4x2 and 6x4 axle configurations to meet the diverse needs
of the line-haul logistics sector.
Paving the Way for Greater Commercialization
with Safer, More Efficient, and Profitable Operations
Over the course of 100 million kilometers, Inceptio has
demonstrated how its autonomous driving technology and its
T-NOA capabilities are paving the way for greater commercial
deployment across the line-haul logistics with safer, more
efficient, and profitable operations.
The majority of the routes large express delivery companies in
China use exceed 500 kilometers in
length. Two drivers are commonly assigned to each traditional truck
on these routes and take shifts driving in order to minimize
fatigue and ensure safety when meeting tight shipping schedules.
Inceptio's solution makes driving much less physically and mentally
exhausting as it handles more than 90% of the journey. Express
delivery companies have been able to significantly reduce the
number of drivers per truck and labor costs on these same routes as
a result. On routes ranging from 500 to 1,200 kilometers, Inceptio
has realized a direct shift from two drivers per truck to one,
resulting in a significant 40% to 50% reduction in labor costs. On
routes that exceed 1,200 kilometers where an autonomous truck relay
model has been deployed, a traditional assignment of 6-8 drivers
per three trucks has been reduced to 5. Likewise, a traditional
assignment of 8-10 drivers per 4 trucks has been reduced to 6,
resulting in a substantial decrease in labor costs and improved
driver satisfaction.
The benefits are equally strong for contract logistic companies,
both large and small. Huatai Logistics for example, a contract
logistics company specializing in automotive parts transport on
routes that average 1,500 kilometers, has seen its driver-to-truck
ratio decrease from two to one by using Inceptio-powered trucks.
Combined with a reduction of 3-5 liters in fuel consumption per 100
kilometers, total cost of ownership per kilometer decreased by
7-15%. The stellar safety record and enhanced driving comfort
offered by autonomous trucks improved fleet-attendance rates
significantly and increased monthly kilometers per truck by as much
as 10%.
Some individual operators have also seen increases of 10-20% in
monthly kilometers per truck and 2,500-5,500
RMB in monthly net income due to the fundamental improvement
of safety and driving comfort offered by Inceptio-powered
autonomous trucks. The fuel-saving benefits of autonomous trucks
are particularly attractive for individual operators.
Leveraging Data Assets to Enhance Inceptio's
Autonomous Driving Technology
Inceptio leverages its powerful, data-driven R&D system to
rapidly iterate and enhance its autonomous driving
technology. This system, which incorporates accurate and
efficient data capturing, automated cloud processing, advanced
scenario mining, and automatic annotation, allows Inceptio to
continuously refine its industry-leading T-NOA algorithm in
real-time. This focus on real-world data is a key driver of
Inceptio's competitive edge in the autonomous driving technology
landscape.
Julian Ma, founder and CEO of
Inceptio Technology, commented, "Inceptio's autonomous driving
technology and its T-NOA capabilities are making significant
progress in their commercialization, allowing us to rapidly surpass
the 100-million-kilometer milestone after hitting 50 million
kilometers only eight months ago. The impact our technology is
having on the logistics industry is profound. The
commercial deployment of Inceptio-powered autonomous trucks across
the line-haul logistics sector is exciting, but what's truly
inspiring is the creativity and innovation our customers bring to
the table. This user-driven approach is pushing the boundaries of
how these autonomous trucks are used, opening up new ways to deploy
our technology. The more data we gather, the faster we will be able
to enhance our algorithms and improve our full-stack solution. We
will continue working closely with our truck OEM partners to offer
even greater safety, efficiency, and profitability to logistics
customers."
About Inceptio Technology
Inceptio Technology is an industry leading developer of
autonomous driving technologies for heavy-duty trucks. Its flagship
technology is the Inceptio Autonomous Driving System, a proprietary
full-stack solution. Inceptio partnered with leading OEMs to roll
out the industry's first mass-produced L3 autonomous trucks in late
2021. These trucks are operated nationwide in China by customers across the line-haul
logistics sector including express delivery, less-than-truckload
(LTL) transportation, and contract logistics. Inceptio is at the
cutting edge of developing fully driverless trucks. In 2022 it
became the first company in China
to receive a public road-testing permit for driverless autonomous
heavy-duty trucks.
For more information on Inceptio Technology, visit
https://en.inceptio.ai/
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