0810 GMT - The market size for robotaxi-related car manufacturing and auto components is projected to reach 160 billion yuan by 2026, Daiwa analysts write in a note. China is on the verge of large-scale robotaxi commercialization, the analysts say. Robotaxis are likely to eventually replace traditional ride-hailing vehicles and may impact the private car market in the future, they note. The sector is expected to drive growth across multiple industries, including car manufacturing, auto components, software licensing, applications, and ride-hailing services. Within the robotaxi industry, Daiwa favors Horizon Robotics for its strong position in China's autonomous driving chip market and Bethel for its expertise in wire-controlled chassis systems, which could see widespread adoption in robotaxis. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 02, 2025 03:10 ET (08:10 GMT)
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