Driverless Taxis in Mainland China Could Control More than 6% of Market: HSBC

Driverless taxis in mainland China could control more than 6% of market: HSBC

HSBC says potential addressable market for robotaxis in mainland China is estimated to be around US$40 billion a year.

Don't believe the hype around robotaxis, HSBC analysts say

Waymo has served around 5 million paid rides over the past three years.Craig F. Walker/The Boston Globe via Getty ImagesTesla and Waymo are battling for robotaxi dominance, but the payoff still isn't clear.HSBC analysts found that it could take years for robotaxis to turn a profit, and the market is "overestimated."They said some of the biggest challenges were "overlooked" costs like parking and cleaning.Tesla and Waymo are racing to build their…

Tesla Robotaxi riders raise red flags after experiencing concerning safety issues: 'The car didn't behave correctly'

Tesla launched its much-anticipated Robotaxi in Austin, Texas, last month, but early footage of the autonomous vehicle suggests it has a long way to go to catch up to a competitor, Waymo. Videos revealing operational glitches are also putting some residents on edge, prompting a new investigation from the National Highway Traffic Safety Administration.  What's happening? Two days after Tesla's Robotaxi began offering rides on a limited basis in A…

South China city grants road test licenses for autonomous vehicles – Telematics Wire

In a significant move for autonomous vehicle development, Liuzhou, a city nestled in southern China’s Guangxi Zhuang Autonomous Region, officially commenced its open road testing phase for self-driving vehicles. This milestone was marked by the issuance of the inaugural batch of road test licenses. A total of 15 license plates were granted across the Guangxi region, specifically designated for the road testing of functional low-speed unmanned ve…