Auto Weekly Market Update

研报英文原文证据摘录

Auto Weekly Market Update

Deutsche Bank

Research

Europe Industry Date

19 June 2026

That was the week

Figure 1: Autonomous Truck Figure 2: Aumovio implied earnings Tim Rokossa

Head of European Equity Research

Production/retirement and fleet in a and cash impact p.a.

5y D&A scenario Christoph Laskawi

60,000 12,000 1,600 Research Analyst

1,400

50,000 10,000

1,200 Nicolai Kempf

40,000 8,000 1,000 Research Analyst

30,000 6,000 800

20,000 4,000 400 Edison Yu

10,000 2,000 200 Research Analyst

0 0

Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10

Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 -200

Earnings impact 10y D&A Earnings impact 5y D&A Bin Wang

Truck fleet (LHS) Production per year Retired

Cash impact (net) p.a. Cash cost (EURm)/capex production

Research Analyst

Source : Deutsche Bank Source : Deutsche Bank

Nikita Papaccio

Continental Automotive announced a EUR4.8bn order intake for the contract with

Aurora for a pay per mile hardware and fallback system offering in the Level 4 Winnie Dong

autonomous truck offering of Aurora. The project duration was mentioned to last Research Analyst

until mid-2030s with production to start in 2027. While no contract details like Laura Li

underlying fleet, milage and pay per mile are disclosed, Aurora gave indications in Research Associate

their presentations. The company pointed to a potential USD0.85 per mile service James Mulholland, CFA

fee which would present a cost advantage over the USD1 cost of a driver per mile. Research Associate

Wei Huang

The autonomous trucking contract is one of the most important contracts for L/T

Research Associate

targets in Aumovio's Autonomous Commercial Mobility division and as the SOP

comes closer catches more attention from the market. Aumovio will receive a share Bodhie Fernando