XXF (02473) surged nearly 8%. As of press time, the stock gained 7.75% to HK$10.7, with a trading value of HK$69.34 million.

On the news front, according to XXF's official announcement, on September 19, Alibaba Cainiao Group and XXF formally signed a strategic cooperation agreement. The two parties will engage in deep collaboration across multiple dimensions including urban delivery digitalization upgrades, consumer experience optimization, asset holding and management, and financing leases. The partnership will focus primarily on advancing cost reduction, efficiency improvement, and business model innovation through robotics (autonomous vehicles) across the entire supply chain. They aim to promote the continuous application of digitalization and intelligent technologies in urban logistics, ride-hailing services, and other sectors, jointly exploring green logistics and new quality productivity development pathways to build an open, collaborative, intelligent, and efficient logistics ecosystem.

China Merchants Securities previously noted that according to the "China Urban Distribution Industry Development Report," there were 14.59 million urban distribution vehicles nationwide in 2022. Based on the average service life of approximately 5 years for express delivery operational vehicles, the annual replacement capacity for autonomous urban distribution vehicles is estimated at approximately 2.92 million units. Assuming autonomous vehicles achieve a penetration rate of 9.5% by 2030, the market space for hardware and software combined would reach RMB 37.34 billion that year. The firm believes that the promotion of autonomous technology is an undeniable industry trend, not merely a thematic flash in the pan. Technology maturation, cost reduction, and policy support have already driven autonomous logistics vehicles, autonomous mining trucks, and autonomous forklifts into large-scale commercial applications.