特斯拉Robotaxi发布在即，商业化进程有望加速

Investment Rating - The report maintains an "Outperform" rating for the automotive industry [5] Core Insights - The market for shared mobility is expected to reach a total market size of 2.25 trillion in China by 2030, with a compound annual growth rate (CAGR) of 20%-28%. Robotaxi is projected to account for 60% of this market, amounting to approximately 1.3 trillion [2] - Major players in the autonomous driving sector are accelerating their deployments, with Waymo having completed over 22.2 million miles (approximately 35 million kilometers) of autonomous driving, a 212% increase compared to the end of 2023. Waymo operates around 700 vehicles in the U.S., providing over 100,000 paid Robotaxi rides weekly [2] - The Chinese company WeRide has been operating its Robotaxi service for over 1,700 days, with sales of Robotaxi units increasing from 5 in 2021 to 11 in 2022, and then to 3 in 2023. Additionally, it has received over 10,000 intent orders for Robovan [2] - Baidu's autonomous driving service, "Luobo Kuaipao," reported approximately 899,000 orders in Q2 2024, a year-on-year increase of 26%, with over 7 million cumulative orders by July 28, 2024 [2] - Pony.ai has accumulated over 36 million kilometers of autonomous driving testing mileage, with 4 million kilometers of fully autonomous testing. It has deployed over 100 Robotaxis in Guangzhou, averaging about 15 rides per vehicle per day [2] - Policy support is facilitating the pilot testing of autonomous vehicles, with 17 national-level testing demonstration zones established and over 12 million kilometers of cumulative road testing completed by the end of May 2024. This regulatory environment is expected to accelerate the commercialization of autonomous driving [3] Related Research - The report suggests focusing on smart vehicle manufacturers such as XPeng Motors and Jiangling Motors, as well as smart component suppliers like Kobot, Baolong Technology, Top Group, and others [9]