Inceptio Technology Announces New Orders for Heavy-duty Autonomous Trucks Equipped with its Truck Navigate-on-Autopilot Feature

Inceptio Technology, China’s leading developer of autonomous driving technologies for heavy-duty trucks, today announced new agreements with significant logistics and insurance partners, shared vital data points from over 50 million kilometres of accident-free autonomous driving, and showcased the core technologies that power the Inceptio Autonomous Driving System’s Truck Navigate-on-Autopilot (T-NOA) capability.

At the Company’s second annual Tech Day in Shanghai, Inceptio announced new procurement and strategic collaboration agreements with major logistics companies STO Express (SZSE:2468), ZTO Freight and Deppon Express. STO Express has ordered 500 Inceptio autonomous trucks jointly developed with Dongfeng Commercial Vehicle (DFCV) as part of these deals.

ZTO Freight has ordered 200 Inceptio autonomous trucks jointly developed with Sinotruk. Inceptio also announced a cooperation agreement with China Pacific Insurance Co., Ltd. (CPIC) to create innovative new insurance products tailored to autonomous heavy-duty trucks.

During the event, Inceptio presented the results of two new joint studies confirming the significant safety and driver experience benefits enjoyed by operators of Inceptio autonomous trucks:

• Inceptio and CPIC jointly released the industry’s first annual insurance data safety report, which found that Inceptio’s trucks perform 75-99% better than human-operated trucks across various safety indicators. In particular, Inceptio trucks registered just 0.1 collision warnings per 100 kilometres, 98% fewer than human-operated trucks.
• Inceptio and a team of academics published a pioneering report monitoring truck driver fatigue levels on 134 trips covering nearly 120,000 kilometres of commercial operations. The study found that Inceptio’s human safety operators experienced 35% less physiological and 11% less psychological fatigue than conventional truck drivers.

These study results demonstrate that Inceptio autonomous trucks deliver on the four key value propositions they offer heavy-truck operators: superior safety, reduced labour costs, improved driver experiences, and better fuel efficiency. From 50 million kilometres of commercial operations, Inceptio’s partners have realised 20-50% labour cost savings and 2-10% fuel savings.

Inceptio autonomous trucks come equipped with the T-NOA feature and receive regular over-the-air (OTA) updates as the Inceptio Autonomous Driving System improves. Inceptio’s T-NOA feature offers 100% coverage of China’s line haul network, and Inceptio already has commercial business covering 70% of that network. Three core elements enable this technology:

• End-to-end network with safety guardrails: The traditional autonomous driving software stack with discrete perception, prediction, planning, and control modules is being replaced by an end-to-end network that is both smart and reliable. Keys to this novel network are 1) guardrails to ensure the reliability and safety of network output and 2) an efficient occupancy grid map-based representation with significantly reduced computing power and memory consumption.
• Inceptio Super Driver: A vast trove of real-world driving data has been used to train a customised large-language model dubbed TruckGPT, allowing Inceptio’s virtual intelligent driver to surpass human drivers’ decision-making ability in various scenarios.
• Inceptio Autonomous Truck Platform: includes a next-gen autonomous driving control unit (ADCU) designed for heavy-duty trucks and suitable for long-distance use in harsh conditions with weak wireless signals; software with unique features that significantly enhance development efficiency and can be adapted to new vehicle models in just 9-12 months; and truck electrical and electronic architecture (EEA) with new features including full modularity with decoupling of software and hardware, facilitating efficient upgrades.

Inceptio founder and CEO Julian Ma said: “After another year of hard work and meaningful achievements, we couldn’t be more excited to share Inceptio’s progress with the world. We are proud of our great strides to commercialise our technology, making nearly 50,000 trips on 340 routes for more than 100 freight and logistics customers.

The new orders we announced today represent a huge vote of confidence from our valued partners STO Express, ZTO Freight, and Deppon Express, which have all experienced the benefits of our technology first-hand. Through our new alliance with CPIC, we are developing insurance solutions that will help accelerate the mass adoption of autonomous trucks even further. We look forward to delivering more mass-produced L3 autonomous trucks to our partners shortly as we strive to make freight transport greener, safer, and more reliable.”