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Robotaxi行业专题报告二：Robotaxi商业化进程有望提速
CAITONG SECURITIES·2024-10-10 03:23

Investment Rating - The report indicates a positive outlook for the Robotaxi industry, suggesting a rapid development in commercialization and a favorable investment environment [3][4]. Core Insights - The commercialization of Robotaxi is expected to accelerate, with the "technology + vehicle + platform" cooperation model gaining traction in both the US and China [3]. - Major global manufacturers are actively investing in Robotaxi, with significant progress reported in various countries [3][4]. - The first-tier countries, particularly the US and China, are projected to achieve comprehensive coverage of Robotaxi services by 2032 [3][18]. Summary by Sections 1. Global Leadership in Robotaxi Commercialization - The US and China have officially commenced Robotaxi commercialization in 2023, transitioning from trial phases to full-scale operations in multiple cities [7]. 2. Rapid Progress in Overseas Robotaxi 2.1 Cruise - Cruise, a leading US Robotaxi company, faced a major accident leading to the suspension of its operating license but plans to resume operations in 2024 [11]. 2.2 Waymo - Waymo, currently the leader in the US Robotaxi market, has successfully implemented paid Robotaxi services in San Francisco and Phoenix, with weekly paid rides exceeding 100,000 by August 2024 [12][13]. 2.3 Tesla - Tesla is set to unveil its Robotaxi plan on October 10, 2024, which may significantly impact the autonomous taxi market [13]. 2.4 Mobileye - Mobileye has initiated small-scale pilot operations in Germany and France, focusing on Robotaxi services with safety drivers [15]. 2.5 Chinese Companies - Chinese firms like Pony.ai and WeRide are making strides in international markets, with Pony.ai establishing a joint venture in Saudi Arabia and WeRide obtaining the first Robotaxi operating license in the UAE [16]. 3. Rapid Commercialization in First-Tier Countries - The first-tier countries, namely the US and China, are in the initial commercialization phase, with an expected operational coverage rate of over 80% by 2032 [18][19].