自动驾驶的“货运突围”：文远知行被传分拆Robovan，无人城配车2030年有望达150万辆

每日经济新闻06-15 16:22

日前，有消息称，文远知行正在尝试分拆其Robovan（自动驾驶货运车）业务进行独立融资，该业务估值已达4亿美元（约合人民币27）。　　公开资料显示，文远知行于2025年2月正式发布Robovan产品，并已在广州获得道路测试牌照，并开启路测。对于上述消息，《每日经济新闻》记者向文远知行方面求证，一位内部人士回应称：“暂无消息分享。”　　实际上，自动驾驶行业长期面临高成本压力。对于Robotaxi（...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2643763262?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-06-15 16:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2643763262","market":"sh","top_or_hot":-1,"title":"自动驾驶的“货运突围”：文远知行被传分拆Robovan，无人城配车2030年有望达150万辆","media":"每日经济新闻","content":"<div>\n<p>日前，有消息称，文远知行正在尝试分拆其Robovan（自动驾驶货运车）业务进行独立融资，该业务估值已达4亿美元（约合人民币27）。　　公开资料显示，文远知行于2025年2月正式发布Robovan产品，并已在广州获得道路测试牌照，并开启路测。对于上述消息，《每日经济新闻》记者向文远知行方面求证，一位内部人士回应称：“暂无消息分享。”　　实际上，自动驾驶行业长期面临高成本压力。对于Robotaxi（...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202606153771561242.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>自动驾驶的“货运突围”：文远知行被传分拆Robovan，无人城配车2030年有望达150万辆</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n自动驾驶的“货运突围”：文远知行被传分拆Robovan，无人城配车2030年有望达150万辆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-15 16:22 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202606153771561242.html><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>日前，有消息称，文远知行正在尝试分拆其Robovan（自动驾驶货运车）业务进行独立融资，该业务估值已达4亿美元（约合人民币27）。　　公开资料显示，文远知行于2025年2月正式发布Robovan产品，并已在广州获得道路测试牌照，并开启路测。对于上述消息，《每日经济新闻》记者向文远知行方面求证，一位内部人士回应称：“暂无消息分享。”　　实际上，自动驾驶行业长期面临高成本压力。对于Robotaxi（...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202606153771561242.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0228367735.SGD","symbol_name":"Eastspring Investments - Asian Equity Fund AS SGD","start_time":0,"source_url":"http://finance.eastmoney.com/a/202606153771561242.html","article_id":"2643763262","we_media_id":null,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202606153771561242.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643763262","pubTimestamp":1781511757,"columns":[],"sourceInfo":{"source_id":"stock_eastmoney","name":"东方财富"},"weMediaInfo":null,"summary":"日前，有消息称，文远知行正在尝试分拆其Robovan（自动驾驶货运车）业务进行独立融资，该业务估值已达4亿美元（约合人民币27）。公开资料显示，文远知行于2025年2月正式发布Robovan产品，并已在广州获得道路测试牌照，并开启路测。对于上述消息，《每日经济新闻》记者向文远知行方面求证，一位内部人士回应称：“暂无消息分享。”实际上，自动驾驶行业长期面临高成本压力。","collect":0,"end_time":0,"defaultTopTitle":"eastmoney.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"89888":"百度集团-SWR","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","BK1095":"互动媒体与服务","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0823426480.USD":"法巴中国股票经典Dis","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK1609":"ChatGPT概念","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","WRD":"文远知行","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","00800":"文远知行-W","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK1575":"同股不同权","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK4124":"机动车零配件与设备","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0359201612.USD":"贝莱德中国基金A2","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0762541174.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK4609":"英伟达持仓股","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0173614495.USD":"富达中国焦点A","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0287142896.SGD":"Fidelity China Focus A-SGD","09888":"百度集团-SW","BK1588":"回港中概股","BK1615":"港股-互联网","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","BIDU":"百度","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0823426308.USD":"法巴中国股票基金","BK1587":"次新股","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0051755006.USD":"摩根大通中国A (dist)","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC"},"translate_title":"\"Freight Breakthrough\" of Autonomous Driving: WeRide is rumored to spin off Robovan, and unmanned city vehicles are expected to reach 1.5 million in 2030","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89888":0.6,"09888":1.85,"00800":1.96,"WRD":1.96,"BIDU":1.85},"content_text":"日前，有消息称，文远知行正在尝试分拆其Robovan（自动驾驶货运车）业务进行独立融资，该业务估值已达4亿美元（约合人民币27）。　　公开资料显示，文远知行于2025年2月正式发布Robovan产品，并已在广州获得道路测试牌照，并开启路测。对于上述消息，《每日经济新闻》记者向文远知行方面求证，一位内部人士回应称：“暂无消息分享。”　　实际上，自动驾驶行业长期面临高成本压力。对于Robotaxi（自动驾驶出租车）玩家而言，成本涉及车辆、传感器等支出及后期运维调度体系多个环节，这也导致行业普遍呈现“收入增长，但盈利难以同步改善”的结构性问题。　　以头部玩家文远知行和小马智行为例，数据显示，2025年，文远知行研发开支约14亿元，同比增长约26%；公司净亏损16.55亿元。2026年一季度，该公司研发开支仍达3.63亿元，同比增长11.5%；同期净亏损约3.89亿元。　　小马智行方面，2025年，该公司Non-GAAP（非通用会计准则）下研发开支1.96亿美元，同比增长42.5%；经调整亏损净额为1.74亿美元，较上年同期扩大31.5%。2026年一季度，小马智行研发开支约4788万美元。　　为了应对这一挑战，文远知行、小马智行纷纷采取多线布局策略。文远知行在业务层面采用“全场景覆盖”的多元化策略，涵盖Robotaxi、Robobus（自动驾驶巴士）、Robovan、Robosweeper（无人驾驶环卫车）及技术服务等；小马智行的主要业务则由Robotaxi、Robotruck、技术授权与应用三个层面构成。　　具体到业务层面，2025年，文远知行Robobus收入为2.31亿元，成为最大营收来源，占比约34%；Robotaxi收入约1.5亿元，同比增长209.6%，占比约22%；L2+ADAS及数据服务约1.98亿元，占比约20%；Robosweeper与Robovan收入分别为0.96亿元和0.1亿元。　　同期，小马智行总营收为6.29亿元，Robotaxi业务收入达1.16亿元，同比增长129%；Robotruck业务收入2.84亿元，同比微增0.6%；技术授权为2.29亿元，较上年同期增长19.71%。　　从上述数据可以发现，2025年，文远知行和小马智行两家公司的Robotaxi收入均实现超100%的高速增长，但仍未成为主要收入来源。华泰证券认为，垂类场景因“专道专用、交通主体可控”更易落地，而Robotaxi面对复杂的城市开放道路，规模化门槛更高。　　对此，轻舟智航联合创始人、董事长兼CEO于骞在接受记者采访时表示：“相比Robotaxi，L4级无人物流反而会更快普及，尤其是城市内部低速配送，中国物流由于电商发展，社会总成本较高，通过技术提高效率同时减少交通问题。”　　事实上，Robovan行业的商业化正在加速到来。艾瑞咨询报告显示，2025年，中国无人城配车销量已达约2.2万辆，预计2026年将达到8.9万辆，到2030年有望接近150万辆。这一增长的背后，是物流行业末端配送成本持续攀升的现实，而无人配送在规模化运营条件下，单票成本可降至传统有人模式的约三分之一。　　由中国互联网协会数智出行工作委员会、中国公路学会城市交通分会、世界资源研究所联合发布的《中国城市交通数智化发展报告（2025-2026）》（以下简称《蓝皮书》）也预测，2026年中国无人配送物流行业的市场规模将突破250亿元，同比增长高达47.1%。届时，市场累计出货量将攀升至15万辆，全年新增交付超8.5万辆，快递末端无人配送的渗透率将突破4%。　　“2026年，无人配送自动驾驶技术将迎来新一轮突破，无图/轻地图技术成为核心研发方向，同时核心硬件的国产化进程与降本节奏持续加快，使得无人配送车的单车均价在2026年有望降至4万到5万元，为行业下沉市场的规模化落地奠定基础。”《蓝皮书》指出。　　正是这种可量化的降本效应，吸引了车企、Robovan垂直领域企业、自动驾驶公司和物流企业纷纷入局，赛道已呈现多路力量同台竞技的格局。其中，九识、新石器、白犀牛、菜鸟四家头部企业占据超90%市场份额；东风、长安等传统车企相继入场；京东物流采取“自研+采购”双轨并行策略；轻舟智航、佑驾创新等自动驾驶公司也在积极布局。　　《蓝皮书》预测，到2030年前后，中国的自动驾驶市场将形成多强竞争的格局，头部企业的商业规模有望取得实质性突破。在物流领域，自动驾驶货车和配送车能实现24小时不间断运输，重构整个物流体系。尽管极端长尾场景的处理能力和消费者信任的建立仍是行业面临的挑战，但技术的历史大方向已然清晰。　　在这样的行业背景下，文远知行选择将Robovan业务分拆独立融资，便不难理解。一方面，Robovan所在的无人城配赛道已进入快速起量阶段，商业化路径比Robotaxi更为清晰，能够吸引风险偏好不同的资本；另一方面，分拆可以减轻主公司的资金和资源分配压力，让Robotaxi这条最“重”的长线业务不必独自承担所有成本。　　尽管文远方面对分拆消息未予确认，但这一动作本身所折射出的逻辑，在长线亏损的Robotaxi赛道之外，为中期可落地的业务寻找独立的资本通道，或许正是自动驾驶行业走向成熟的一个缩影。（文章来源：每日经济新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643763262","isCrawlerRequest":true}