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Evidence record 2961 · automatically gathered

Global robotaxi market set to hit US$1t by 2040 as China tech costs plummet: Morgan Stanley

The global robotaxi sector is on track to become a US$1 trillion market by 2040, according to Morgan Stanley, with Chinese players like Baidu, Xpeng and WeRide primed to be regional front-runners alongside global leaders Tesla and Waymo. In a research note on Friday, the US investment bank forecast that falling manufacturing costs in China would act as a “major underappreciated accelerant” for the industry. Driven by cheaper supply chains, the cost of parts per vehicle for Chinese-made robotaxi.

Record details

Published: 6 July 2026
Source: SCMP Tech (HK/CN)
Category: News
Topics: Agents & autonomy · Finance, VC & PE
Retrieved: 14 July 2026

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How to cite this record

ethics.ai (6 July 2026), “Global robotaxi market set to hit US$1t by 2040 as China tech costs plummet: Morgan Stanley,” evidence record 2961, https://ethics.ai/record/2961 (originally published by SCMP Tech (HK/CN)).

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