Core Insights - The taxi market in Huizhou has reached saturation, leading to a significant decline in order volume and revenue due to supply-demand imbalance, resulting in increased industry risks [1][9] Market Overview - As of June 2025, there are 10 taxi companies operating in Huizhou with a total of 911 vehicles, a decrease of 77 vehicles compared to the end of the previous year. The number of taxi drivers has increased by 136 to 6,574 [4] - In contrast, the ride-hailing market has seen rapid growth, with 33,106 compliant ride-hailing vehicles, an increase of 1,970 in the past six months. The number of qualified drivers has risen by 5,246 to 72,188 [4] Operational Status - The operational data for Huizhou's taxi market is concerning, with traditional taxis averaging only 11 passengers per day and generating daily revenue of 312 yuan. Ride-hailing vehicles have an average of 16 orders per day, but over 17,037 ride-hailing vehicles have fewer than 10 orders daily, accounting for over 51% [5] - The revenue and business volume for both traditional taxis and ride-hailing services have shown a downward trend compared to the second half of 2024 [5] Compliance and Complaints - In the first half of 2025, Huizhou's transportation enforcement authorities handled 255 illegal operation cases and 130 operational violation cases. The top three taxi companies with the most operational violations are Huizhou Xinhui Transportation Group, Huizhou Automobile Transportation Group, and Huizhou Yunxing Small Passenger Car Company [6] - Among the 1,471 valid passenger complaints, the top three taxi companies with the highest complaint rates are Huizhou Baotong Transportation, Huizhou Daya Bay Shenhong Three-Dimensional Transportation, and Huizhou Jintong Taxi Transportation [8] Market Risks - The report highlights that the supply of ride-hailing services significantly exceeds demand, with drivers working longer hours but earning less, indicating severe challenges for the industry [9] - The Huizhou Transportation Bureau has issued multiple risk warnings to potential operators, emphasizing the high insurance costs for ride-hailing vehicles, strict vehicle scrapping conditions, and the volatility of income due to market dynamics [9] - The report also warns about potential contractual traps for new entrants, urging them to carefully review leasing contracts and platform agreements [9]