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<Research>HSBC Research: CN Autonomous Vehicles/ Robotaxis on Cusp of Commercial Breakout
Recommend 37 Positive 81 Negative 25 |
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The technology supporting driverless taxis is operating smoothly in major cities such as Shenzhen, Guangzhou, Beijing and Shanghai, HSBC Global Research issued a research report saying. Some pilot programs are already offering round-the-clock driverless taxi services. The broker viewed autonomous driving as two distinct commercial scenarios, naming smart EVs and robotaxis. HSBC Global Research believed that, given the increasing maturity of technology, supportive regulations and public acceptance, both are on the cusp of a commercial break-out during 2025-2026. HSBC Global Research currently covers stocks related to robotaxis, including HORIZONROBOT-W (09660.HK), XPENG-W (09868.HK)(XPEV.US) and JOYSON ELECTRONIC (600699.SH), with ratings at Buy for the above 3 stocks, and target prices of $11/ $115/ RMB26.3, respectively. HORIZONROBOT-W is an intelligent driving solution provider, while XPENG-W planned to mass-produce Level 4 autonomous vehicles next year and enter the driverless taxi market. JOYSON ELECTRONIC manufactures components for driverless taxis. AASTOCKS Financial News Website: www.aastocks.com |
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