Shanghai to create USD 72 billion smart connected car development system by 2025
09/07/2022|3:53:24 PM|Yicai Global

Shanghai aims to build a CNY500 billion (USD72 billion) system to develop smart connected vehicles by 2025, taking the lead in China, according to the megacity’s latest action plan.

Seventy percent of Shanghai's new cars will be equipped with Level 2 and Level 3 self-driving systems by 2025, the plan showed yesterday, with Level 4 vehicles commercially available in some areas and in some scenarios.

Shanghai’s action plan also included exploring sustainable operations for smart rental vehicles to help commercialize driverless taxis. A number of robotaxi companies, including SAIC's Xiangdao Mobility, Baidu, and Pony.ai, have already launched passenger-carrying test vehicles in Shanghai.

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