What good news about self-driving taxis has been announced in the market recently? Why is self-driving taxi attracting market attention?
July 29th, Caixin reported that the stock price has surged again due to the hot topic of self-driving taxis, rising more than 50% at one point. As of press time, it has risen by 48.44% to 1.9 Hong Kong dollars.$DZUG (01635.HK)$Note: Dazhong Public Utilities intraday chart
![Note: Dazhong Public Utilities intraday chart](https://postimg.futunn.com/news-editor-imgs/20240729/public/17222370524879824625196.png)
Recently, Shanghai issued the first batch of demonstration licenses for intelligent connected vehicles, including four enterprises such as Saikang Intelligent Technology (Shanghai) Co., Ltd., Baidu Intelligent Driving (Shanghai) Co., Ltd., Shanghai Guodong Intelligent Driving Technology Co., Ltd. (AutoX), and Xiao Ma Yi Hang Technology (Shanghai) Co., Ltd. This has aroused market attention to self-driving taxis, and stimulated the rise of Dazhong Public Utilities stock price.
Relevant reports pointed out that the Robotaxi, a self-driving taxi that obtained the demonstration license for intelligent connected vehicles in Shanghai at the World Artificial Intelligence Conference, is expected to be opened to the public in August. It is revealed that the Roborun under Baidu and the Dazhong Travel under Dazhong Transportation co-applied for the operation of 65 Robotaxis.
Dazhong Transportation mentioned above is a shareholding company of Dazhong Public Utilities. According to the Q1 report in 2024, they hold 20% of its shares.
Why is Robotaxi attracting market attention? As pointed out in the research report of Guotai Junan on July 21, Robotaxi is gaining momentum, and intelligent driving is continuing to advance. Self-driving taxis help to improve consumers' awareness of intelligent driving, and mileage accumulation also helps technology solutions to improve and iterate; its potential market space is extensive, and it is limited to cost and technology in the initial stage. In the medium term, with the decrease of costs and technological iterations, the penetration rate of intelligent driving is expected to gradually increase.
As Open Source Securities also pointed out in their research report on July 14, Robotaxi has the potential to replace and expand market share as its technology matures, costs decrease, and user acceptance improves. According to Ruqi Travel's data, China's Robotaxi market compound annual growth rate is as high as 247.7% from 2024 to 2030, and its market share is expected to reach 488 billion yuan in 2030.
As pointed out in a research report by GTJA on July 21, Robotaxi is accelerating and self-driving technology continues to advance. Self-driving taxis can help improve consumers' awareness of self-driving technology, as well as accumulate mileage that can contribute to the improvement and iteration of technology solutions. The potential market space is vast, and in the short term are limited by factors such as costs and technology. However, in the medium term, with the decrease in costs and technology iteration, the penetration rate of self-driving technology is expected to gradually increase.
As stated in a research report by Open Source Securities on July 14, with the maturation of Robotaxi technology, the decrease in costs, and the increase in user acceptance, it is expected to gradually expand its market share. According to data from Ruqi Travel, from 2024 to 2030, the annual compound growth rate of the Robotaxi market in China will be as high as 247.7%, and its domestic market share is expected to reach 488 billion yuan in 2030.
Editor/Lambor