JD.com Is Beating Amazon and Tesla

hridge2020

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JD.com Is Beating Amazon and Tesla to This Key Tech Milestone

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The next level
At its Global Smart Supply Chain Summit earlier this month, JD announced that it would have a network of 100 Level 4 delivery vehicles operating in Changshu by the end of the year. The company first put this self-driving vehicle on the road in Wuhan in February to help facilitate contactless delivery to hospitals and residences. JD's autonomous vehicle in Wuhan logged nearly 4,000 miles and delivered more than 13,000 packages in a 107-day deployment, and the company says the technology is now ready to be scaled. The company developed the core of its autonomous driving system in-house, and the current robot is the result of several iterations after it first deployed an autonomous delivery vehicle in 2016.

Level 4 automation is generally defined as self-driving without a driver, but only within a specific mapped area, known as geofencing. The reliance on geofencing makes package deliveries in a city an ideal application for Level 4 technology. Other conditions, like severe weather, can also limit Level 4 autonomous vehicles.


JD's autonomous vehicles drive themselves from destination to destination and notify customers with texts and phone calls that include a verification code to ensure packages are given to the proper recipient. Delivery demand in China has boomed during the pandemic, as China's equivalent to the postal service reportedly delivered more than 60 billion packages year-to-date through Oct. 18. According to the company, JD's robots can both alleviate capacity concerns and assist human couriers.

JD expects to have more than 100,000 automated delivery robots on the road within five years, making them a key part of its logistics infrastructure. JD Logistics CEO Zhenwui Wang said: "We will continue to increase the investment in logistics technology and we will also make logistics technologies available to the general public, facilitating social infrastructure upgrades."

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Endless possibilities
It's easy to see the direct benefits of the automated delivery vehicles. They can help JD save on labor costs and expand capacity, especially as such vehicles could be operated 24 hours a day. The company also says that their power consumption is just 10% of the industry average, or the equivalent of a standard light bulb.

Being able to deploy a network of the vehicles should also make JD even more appealing as a third-party logistics provider, potentially allowing it to charge lower prices. Or it could license the technology, as Wang alluded to in the quotation above. Third-party logistics is already one of the company's fastest-growing businesses, as the segment saw 54% revenue growth through the first half of 2020, to $2.2 billion.


It's also notable that JD is the first company to roll out a scalable network of Level 4 vehicles, beating Amazon, which recently acquired AV tech company Zoox, known for developing robotaxi technology, and agreed to buy 100,000 electric vehicles from Rivian. Tesla (NASDAQ:TSLA), meanwhile, has long promised to roll out or enable a fleet of "robotaxis," but has yet to do so, though it just introduced its full-self-driving beta, which is currently meant to be used with driver supervision. Its vehicles offer a number of self-driving features under its "autopilot," generally considered to be between Level 2 and Level 3.

Despite JD's technology advances, investors continue to underestimate the potential of the stock. JD.com is also at the forefront in areas like drone delivery, further boosting its logistics capabilities. The Chinese tech stock trades at a price-to-earnings (P/E) ratio of just 36 based on next year's expected earnings, barely more expensive than the S&P 500 and much cheaper than Amazon and Tesla.

Considering its momentum coming out of the pandemic, logistics prowess, growth potential in multiple areas, and its technological innovations, JD stock looks poised for serious long-term gains.


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Crissa

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Hmm, the article is scant on details of how the vehicles are delivering. And it's wrong about the definition of Level 4. Level 4 means it needs an attendant but can do a without the attendant's full attention.

All responsible autonomous drivers are/will be geofenced.

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https://www.nhtsa.gov/technology-innovation/automated-vehicles

In level 4 "under certain conditions" means things like within a given area (geofencing), only during the day, only during dry weather conditions etc. If there is any condition that the automous vehicle cannot drive in that a human could, it's level 4.

In level 5 "under all conditions" my understanding is level 5 can drive in any condition or circumstance a human driver can. With that said, I've also read somewhere that level 5 does not include off-road driving.
 

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Honestly, delivering packages around a small area is really quite simple If you do waymo style and map out the roads. Waymo has like a whole city mapped in arizona and is doing it with full sized taxis. But like Tesla has said, and I agree with, vision based autonomous driving,perhaps with lidar, is the way to have real lvl5.
 

Crissa

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Waymo's automated cars do the mapping, though.

There's nothing particularly special about their mapping - it's no different than a human driver that remembers where all the bumps and trees in a route.

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