高盛：2025年全球科技：中国无人驾驶出租车市场：商业化之路研究报告（英文版）

We expect China’s Robotaxi market to grow from USS$54 million in 2025 to US$12 billion in 2030 and US$47 billion in 2035 (Exhibit 4). The TAM will grow 757x in the 10 years of 2025-35, indicating a strong market opportunity. Revenue generation is mainly from riding fare charges, which we will discuss further in the revenue generation session of the report. Overall, we expect each Robotaxi can generate US$69 per day by 2035 (vs. US$36 in 2025), which will be higher than traditional ride-hailin