0446 GMT - China's robotaxi market is likely to grow to $12 billion in 2030 from $54 million this year, Goldman Sachs analysts write in a note. The total addressable market will grow hugely in the next decade, indicating a strong market opportunity, they say. Revenue mainly comes from fares and robotaxis could generate $69 per day by 2035, which would be higher than traditional ride-hailing vehicles, they say. China's total robotaxi fleet size will likely to rise to 0.5 million by 2030 from 4.1 thousand by 2025, they say. Existing players including Pony AI, WeRide, Baidu's Apollo will continue to be among the major players, thanks to high technological entry barriers and the leaders' advantages in algorithms, data, maps, among others.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 07, 2025 00:46 ET (04:46 GMT)
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