Cainiao Unveils L4-Class Logistics Drone Vehicle

$Cainiao Smart Logistics Network Limited (810537.HK)$ , Alibaba's logistics arm, introduced its L4-class GT model logistics drone at the China (Shanghai) International Technology Fair. The drone, now operating on open roads, handles over 1,500 orders daily, primarily transporting parcels between delivery points and end stations. Capable of carrying 600-1,000 parcels, it addresses delivery capacity and cost issues in remote areas, reducing the delivery cost to as low as RMB0.1 per parcel.