UBS Investment Bank predicts that China’s robotaxi fleet in the country’s four top-tier cities could expand to 300,000 vehicles by 2030, driven by advances in artificial intelligence (AI) and the highly competitive electric vehicle (EV) market, the South China Morning Post reported.
According to Paul Gong, head of China automotive research at UBS, the total number of driverless taxis on the Chinese mainland could reach 4 million by the late 2030s, fueled by strong consumer interest in new technologies.
Gong highlighted the potential profitability of robotaxis, noting that replacing the current fleet of 2 million taxis and 5 million...