Chinese Robotaxis Making Progress Toward Full Commercialization in China -- Market Talk

Dow Jones07-25

0532 GMT - Chinese robotaxis have made some progress toward full commercialization in China, but at a small scale, Daiwa analysts say. They note that the Chinese government has been supporting the push to commercialize robotaxis, hoping to boost advanced infrastructure construction for the vehicle-to-everything concept and expand smart-transportation and smart-city efforts. Self-driving cars would be a key way to achieve that goal, they say in a note. In addition, Beijing plans to encourage tech companies to develop autonomous-driving technologies and make them profitable to further support industry growth, Daiwa says. Desay SV, Foryou, Nexteer and XPeng are Daiwa's picks for the advanced autonomous-driving sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 25, 2024 01:32 ET (05:32 GMT)

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In addition, Beijing plans to encourage tech companies to develop autonomous-driving technologies and make them profitable to further support industry growth, Daiwa says. Desay SV, Foryou, Nexteer and XPeng are Daiwa's picks for the advanced autonomous-driving sector. 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