Core Insights - Morgan Stanley reports that the fleet size and operational areas of autonomous taxis in China are continuously expanding, marking a new phase in the global autonomous taxi competition, which serves as a strong catalyst for China's development towards L4+ level autonomous driving [1] - The firm anticipates that by 2030, L4+ level autonomous taxis will account for 8% of the total fleet size of taxis or shared mobility in China [1] - The competition in the industry is intensifying, with leading hardware manufacturers like Horizon Robotics (09660) and Hesai Technology (02525) expected to benefit from accelerated configuration upgrades due to their scalable product sales capabilities [1] - Autonomous taxi manufacturers, such as WeRide, are advancing into emerging international markets [1]