Chinese companies gear up to shape a global ecosystem for intelligent connected vehicles
· Source: globaltimes.cn
In short
Chinese cities and companies are scaling up autonomous driving deployments, from Beijing's high-level demonstration zone to Shanghai, Shenzhen and Guangzhou, with policy support from MIIT and a new five-year industry plan targeting intelligent connected NEVs. Firms such as Pony.ai, WeRide and Momenta are expanding into Europe and the Middle East through partnerships with local operators, while facing strict data regulations and compliance costs. Goldman Sachs Research forecasts the global robotaxi market reaching roughly $415 billion by 2035 with a fleet of about 6 million vehicles.
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Tags: autonomous driving, robotaxi, logistics, vehicles, regulation, China