Investment Rating - The report rates the Robotaxi industry as a significant investment opportunity, projecting substantial market growth and transformation in the automotive mobility sector [2][3]. Core Insights - Robotaxi represents a fundamental technological innovation that will reshape the automotive shared mobility experience, leading to a reconfiguration of business models, competitive landscapes, and profit distribution within the industry [2]. - Historical analysis of the transition from traditional taxis to ride-hailing services indicates that while ride-hailing alleviated some pain points, it ultimately led to over-supply and profitability challenges across the industry [2]. - The report anticipates that Robotaxi will leverage advancements in AI and autonomous driving technology to enhance passenger safety and experience, creating a new "third mobility space" that allows for productive use of travel time [2]. - The market for Robotaxi in China is projected to reach 83.1 billion yuan by 2030 and exceed 709.6 billion yuan by 2035, indicating a significant growth trajectory and potential to replace traditional taxi and ride-hailing services [2]. Summary by Sections 1. Core Assessment of the Automotive Shared Mobility Market - The evolution of the automotive mobility market is traced from fixed-point taxis to traditional taxis, ride-hailing, and now to autonomous vehicles, highlighting the shift in operational models and consumer behavior [7][20]. 2. Review of Traditional Taxi Era - The traditional taxi industry faced supply shortages and regulatory constraints, which shaped its operational framework and market dynamics [74]. 3. Review of Ride-Hailing Era - The rise of ride-hailing services introduced competition and innovation but also led to market saturation and profitability issues for drivers and platforms alike [11][38]. 4. Overview of the Robotaxi Era - Robotaxi is positioned as a pivotal player in the future of shared mobility, with advancements in L4 and L5 autonomous driving technologies expected to redefine the transportation landscape [64][69]. 5. Strategies of Various Players in Response to Robotaxi - Key players in the Robotaxi ecosystem include traditional ride-hailing companies transitioning to autonomous models, technology providers focusing on algorithm development, and automotive manufacturers adapting to new market demands [3][46].