<ul data-eligibleForWebStory="false"><li>HSBC analysts predict that the driverless taxi market in China could reach $40 billion annually, driven by advanced digital infrastructure and consumer interest in new technologies.</li><li>Chinese firms are leading the global autonomous driving industry with robotaxis becoming more common, but specific timelines were not provided for market development.</li><li>In addition to passenger services, autonomous vehicles could also tap into a $30 billion market for logistics and delivery, although initial costs may impact profitability for several years, according to HSBC.</li><li>Chinese autonomous vehicles mainly operate at Level 4 autonomy, requiring partial human oversight, with companies like Baidu's Apollo leading the way in driverless technology deployment in cities like Wuhan.</li></ul>

HSBC Sees $40bn Driverless Taxi Market In China

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