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China: China's unmanned forklift industry on the up-swing

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[Voiceover] In China, unmanned forklifts have become a new growth engine for artificial intelligence. At a factory in east China's Anji that makes autonomous forklifts, more than 200 finished pieces are helping build new ones. [Soundbite] Meng Min, Head of Lean Production, forklift company: "This system, called the DAS System, utilizes autonomous smart forklifts and standardized load carriers as dynamic platforms to actively update the digital status of all cargo movements. Previously, retrieving materials took half a day. Now we can complete the entire process in just 10-15 minutes." [Voiceover] Engineers at the factory said unmanned forklifts use multiple sensing systems and operational control algorithms to autonomously and accurately locate and navigate. In the future, they’ll transform from "executors" to "decision-makers," becoming a core component of intelligent manufacturing. [Soundbite] Su Meng, machinery industry analyst, Shenwan Hongyuan Securities: "Domestically produced unmanned forklifts have the potential to evolve from product-level exports to system-level and project-level solutions. This is the competitiveness of domestic unmanned forklifts in the global market in the future, and it will definitely continue to be strengthened." [Voiceover] According to a report from data analysis firm Markets and Research, the global autonomous forklift market is expected to be valued at about 5 billion U.S. dollars this year, and nearly 8 billion by the year 2030. [Restrictions: No access Chinese mainland]

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