The China Autonomous Vehicles Market in China is projected to grow from US$8.01 billion in 2023 to US$31.6 billion by 2030, with an estimated CAGR of 21.66% from 2024 to 2030.

China Autonomous Vehicles Market Overview

The adoption of ACES standards, carbon neutrality goals, and emission reduction targets is reshaping China's automotive industry, pushing forward advancements in autonomous driving and transforming on-road mobility. Innovations in autonomous technology are driving changes in both the automotive and broader mobility sectors, with self-driving trucks and robotaxis now a reality in China, signaling a new era of smart transportation.

In certain Chinese regions, autonomous taxis, or "robotaxis," can be booked via ride-hailing apps, allowing passengers to travel to various destinations like residential areas, business districts, and transit stations. Users simply select pick-up and drop-off locations, and within minutes, a self-driving vehicle arrives to transport them.

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The recently released report, "China Autonomous Vehicles Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," produced by Renub Research, includes extensive enterprise analysis and market percentage records. The competition, geographic distribution, and growth potential of the China Autonomous Vehicles Market are all examined in this study.

China Autonomous Vehicles Market is predicted to extend at a compound annual growth rate (CAGR) of 21.66% from 2023 to 2030

China's position as the world's biggest automobile market presents a big possibility for autonomous vehicle (AV) corporations amid expectations of persevered boom. Sales of passenger automobiles in China, estimated at 25.8 million through the China Association of Automobile Manufacturers (CAAM), replicate a persistent upward trend, with a further boom to 27.5 million by the end of 2022. This growth is propelled by factors inclusive of rising earning and urbanization. Furthermore, the Chinese a