Leading the way – China’s autonomous driving industry

The autonomous driving industry in China saw a major boost in 2021 with over $8.5 billion being invested in Robotaxi start-ups, self-driving truck developers, LIDAR (Light Detection and Ranging) makers, smart electric car manufacturers, and chipmakers. Mirae Asset Global Investments sees three camps of players, competing head to head: electric vehicle (EV) start-ups, autonomous driving start-ups with an algorithm approach, and tech companies like Huawei and Baidu.

“EV start-ups are the most aggressive among domestic auto original equipment manufacturers to build up self-driving capabilities,” writes Mirae’s Investment Analyst Edward Chan.

Compared to EV companies like Tesla and its Chinese peers, pure autonomous driving start-ups might see themselves in a less advantageous position, says Chan. However, “coupled with support from private-round investors and the Chinese government, autonomous driving start-ups have been expanding quickly.”

Read the full insight at miraeasset.com.