Uber(US:UBER) Huan Qiu Wang Zi Xun·2025-08-25 11:04Core Insights - Uber's CEO Dara Khosrowshahi praised Chinese electric vehicle models for their incredible innovation speed, cost control, and overall vehicle quality, stating they are leading the industry [1][2] Industry Overview - China has over 100 automotive manufacturers, with intense market competition and supportive policies creating a dual advantage for the industry [2] - Each province and city in China aims to establish successful electric vehicle companies, pushing local manufacturers to continuously iterate on technology due to market pressures [2] - This bottom-up competitive rhythm makes it difficult for Western automakers to catch up [2] Company Strategy - Uber is fully electrifying its fleet, having invested $300 million in Lucid in July to deploy the Gravity model for its autonomous taxi business [2] - The partnership with Waymo has expanded to include Phoenix, Austin, and Atlanta, with recent approval to test autonomous vehicles in New York [2] - Khosrowshahi concluded that the experiences of Chinese electric vehicle companies in a challenging market provide a replicable path for global mobility platforms towards electrification [2]