Source: Tech – South China Morning PostThe global robotaxi sector is on track to become a US$1 trillion market by 2040, according to Morgan Stanley, with Chinese players like Baidu, Xpeng and WeRide primed to be regional front-runners alongside global leaders Tesla and Waymo.
In a research note on Friday, the US investment bank forecast that falling manufacturing costs in China would act as a “major underappreciated accelerant” for the industry.
Driven by cheaper supply chains, the cost of parts per vehicle for Chinese-made robotaxi…Read More