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 advancement 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] - In the current industry competition, leading hardware manufacturers with scalable product sales capabilities, such as Horizon Robotics (09660) and Hesai Technology (02525), are expected to benefit from accelerated configuration upgrades [1] - Autonomous taxi manufacturers, such as WeRide, are making strides into emerging international markets [1]