SCS(601555) 东吴证券国际经纪·2024-07-21 13:28Financial Data and Key Indicators Changes - The overall market size of China's automotive travel industry is projected to grow steadily, with an estimated market size of 8.54 trillion yuan in 2023, increasing to 9.30 trillion yuan by 2030 [11] - The penetration rate of shared travel is expected to rise from 5.3% in 2023 to 6.0% by 2030, indicating a growing trend towards shared mobility solutions [11] Business Line Data and Key Indicators Changes - The B-end shared travel market size is forecasted to reach 4.56 trillion yuan in 2025, with a year-on-year growth rate of 5% [11] - The Robotaxi market size is expected to grow significantly, with projections of 0.5 billion yuan in 2026 and reaching 4161 billion yuan by 2030, capturing a substantial share of the shared travel market [11] Market Data and Key Indicators Changes - The number of registered ride-hailing drivers in China increased from 4.07 million in March 2022 to 7.03 million by May 2024, reflecting a strong demand for shared mobility services [8] - The private car ownership is projected to peak by 2028, with the Robotaxi market expected to replace a significant portion of this segment [10] Company Strategy and Development Direction and Industry Competition - The industry is witnessing a shift towards AI-driven smart transformation, with Robotaxi emerging as a preferred direction for commercialization [3] - Companies like Tesla are positioned as leaders in the Robotaxi space, leveraging self-developed driving software and hardware solutions to create a positive cycle of technology, traffic, and profitability [2] Management's Comments on Operating Environment and Future Outlook - The management emphasizes that the combination of policy support, technological advancements, and operational improvements will drive the scalability of Robotaxi services, with 2026 anticipated as a pivotal year for mass production [2] - The management also highlighted the importance of reducing operational costs and improving efficiency through the deployment of Robotaxi services [45] Other Important Information - The Robotaxi industry is supported by various government policies aimed at promoting smart transportation and the integration of vehicle-road-cloud systems [12] - The competitive landscape includes major players like Baidu and various OEMs, all vying for market share in the burgeoning Robotaxi sector [30] Q&A Session Summary Question: What are the key drivers for the growth of the Robotaxi market? - The growth is primarily driven by policy support, technological advancements in autonomous driving, and the operational efficiency of Robotaxi services [2][3] Question: How does the company view the competition in the Robotaxi space? - The company acknowledges the competitive landscape but believes that its technological edge and strategic partnerships will position it favorably against competitors [30] Question: What are the anticipated challenges for Robotaxi deployment? - Key challenges include regulatory hurdles, the need for a standardized approval process, and the establishment of clear liability frameworks for autonomous vehicles [48]