The development of unmanned taxis at home and abroad is rapid, and Tesla will also make a major entry in August
The domestic and international unmanned taxi market is developing rapidly. Tesla will release its autonomous driving taxi product in August, with an estimated valuation of 5-10 trillion US dollars. Other companies such as Baidu, Google, and General Motors have also made moves in the field of autonomous driving taxis. Changjiang Securities predicts that by 2030, the global Robotaxi market size will exceed 2 trillion US dollars. In addition, Beijing and Shanghai have successively introduced policies to support the use of autonomous driving vehicles for urban travel services. The prospects for the unmanned taxi market are broad, representing a commercialization model for high-level fully autonomous driving functions
On July 9th, the autonomous driving sector surged, with stocks such as Tianmaitech, Guangyang Stock, and Xingwang Yuda all hitting the limit up.
Catalyzed by this, Beijing Daily reported on July 8th that the Beijing Municipal Commission of Economy and Information Technology recently solicited opinions from the public on the "Beijing Autonomous Driving Vehicle Regulations (Draft for Solicitation of Opinions)." The regulations propose to support the use of autonomous driving vehicles in urban public electric bus passenger transport, online car-hailing services, car rentals, and other urban travel services in Beijing.
Furthermore, at the 2024 World Artificial Intelligence Conference that recently concluded, Shanghai issued the first batch of demonstration application permits for intelligent connected vehicles, marking a new stage of commercial application for autonomous driving technology in Shanghai.
In addition, it was reported that Baidu has deployed 1,000 RoboTaxis in Wuhan and has accumulated 5 million orders.
According to Baidu's first-quarter financial report released in May this year, the number of autonomous driving orders provided by its RoboTaxi subsidiary was approximately 826,000, a 25% year-on-year increase.
During the financial report conference call, Robin Li mentioned that the proportion of fully autonomous orders in Wuhan in the first quarter has exceeded 55%, rising to 70% in April, and is expected to rapidly increase to 100% in the coming quarters.
Overseas Giants Making Moves
In August last year, the California Public Utilities Commission (CPUC) approved Cruise (General Motors) and Waymo (Google) to provide round-the-clock autonomous taxi services in San Francisco. Waymo recently announced that since opening its autonomous driving service waiting list in San Francisco, approximately 300,000 people have registered for Waymo's service.
In addition, the highly anticipated Tesla also announced that it will launch its Robotaxi product on August 8th. Musk stated that the Robotaxi business will create a valuation of 5-10 trillion US dollars; with the support of FSD, Tesla can, like Uber, automatically transport passengers to earn money for owners.
CICC pointed out that Tesla's entry into the Robotaxi market can not only improve the utilization rate of vehicle autonomous driving functions but also accelerate the closed-loop operation of autonomous driving data under the scale advantage, increase data collection, feed back model training, accelerate model optimization. On the other hand, by innovating the Robotaxi business model, further realizing profitability through software and operational services, and enhancing FSD monetization capabilities.
Looking ahead, Robotaxi travel services are one of the most direct ways to commercialize high-level fully autonomous driving functions in the passenger car sector. The long-term market space is vast, and it is expected that the global Robotaxi market size will exceed $2 trillion by 2030.
In related industries, SDIC Securities pointed out that the intelligent driving industry chain mainly includes component suppliers and intelligent driving solution providers Component suppliers can be divided into the perception layer, decision-making layer, and execution layer. The perception layer includes various sensors, the decision-making layer includes components such as chips, domain controllers, and computing platforms, and the execution layer includes wire-controlled chassis. In addition, solution providers can provide complete autonomous driving solutions for vehicle manufacturers and offer solutions for various commercial applications.
