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Driverless Taxis in Mainland China Could Control More than 6% of Market: HSBC
AUSTIN, TEXAS AND PHOENIX METRO AREA, ARIZONA, JUL 13 – Tesla aims to expand its Robotaxi service to Arizona despite early operational issues and safety investigations, competing with Waymo which has provided over 5 million paid rides.
- HSBC analysts reported on July 14, 2025, that driverless taxis could control more than 6% of mainland China's taxi market, based on recent field visits to four cities.
- This projection follows extensive evaluations of autonomous vehicles amid challenges like overlooked costs for parking, charging, cleaning, and remote operator teams impacting profitability.
- The report highlighted that robotaxis, using level 4 self-driving technology, do not generally require human intervention and are part of broader global trials, including Dubai's 2025 self-driving transport challenge.
- HSBC stated robotaxis likely won’t break even on cash flow until 7–8 years after launch, while the autonomous taxi market in China is valued at about US$64.9 billion in 2024.
- The findings suggest that despite technological advances, driverless taxis face long-term profitability hurdles but present significant growth potential within a transforming global mobility landscape.
12 Articles
12 Articles
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