Topic Discussed : China's Autonomous Vehicle Market, Forecast to 2025
Speaker: Yush Chau
Key Takeaways:
In China, in terms of the passenger car segment, the sales of autonomous vehicles were 262,300 units in 2018. 96.5% of autonomous vehicles are Level 1 and Level 2 private cars; another 3.5% of the autonomous vehicles are public taxis and mobility service vehicles. Going forward, the autonomous vehicle forecast will include Level 1, Level 2, Level 3 and Level 4 vehicles. The market is likely to experience a positive compound annual growth rate (CAGR) of 28.4%, reaching 1.5 million unit shipments by 2025.
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Related Keywords: Frost & Sullivan, Autonomous driving, China, potential autonomous driving miles, SAE, Society of Autonomous Engineers, autonomous vehicle demonstration base, Shanghai, Beijing, Chongqing, Baidu Inc, Tencent Holdings Limited, Alibaba Group Holding Limited, SAIC Motor Corporation Limited, autonomous vehicle, autonomous vehicle mechanism, value chain
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