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IPFS News Link • Transportation

Trillions from Tesla Robotaxi Will Come From China First

•, by Brian Wang

Tesla is unveiling the Robotax on August 8, 2024 and Ark Invest has projected the robotaxi business will be worth ten trillion dollars per year.

China is has already moved the fastest to authorize robotaxi operations in a hundred cities. China will permit all 800 Chinese cities to operate robotaxis. China has over half of the world's electric cars.

Tesla has already partnered with Baidu, China's Google, to get hypermapped information for all China cities.

China's government wants to be a global leader in emerging technologies and has identified robotaxi's and autonomous driving as a key target.

The top robotaxi and autonomous vehicle companies in China are:
Baidu Apollo
Didi Chuxing

Baidu Apollo seems to be a world leader with more rides given and miles driven than Waymo (Google backed US leader in robotaxi).

Apollo, AutoX,, Didi and WeRide each have hundreds of robotaxi vehicles and operate in 10 to 25 cities in 2024 and could be up to 65 cities in 2025. Apollo, Didi, AutoX and could have thousands of robotaxi in 2025. Apollo is targeting to become profitable in 2025.

Tesla will partner with all of these Chinese companies and most of China's electric car makers (BYD, Xpeng etc…).