Goldman Sachs Boosts China Robotaxi Fleet Forecast to 14,000 by 2026

AI Summary

Goldman Sachs raised its forecast for China's robotaxi fleet, expecting it to grow from 5,000 vehicles in 2025 to 14,000 by the end of 2026. This projection reflects a 7% to 25% increase across the 2025 to 2035 period, with 3.1 million units expected by 2035. Analysts indicate that commercialization is progressing faster due to smoother deployment and clearer expansion targets from operators. Goldman identified WeRide as a potential investment with an HK$54.23 price target and an expected 80% CAGR in revenue from 2025 to 2030, alongside Pony.ai as another beneficiary of this growth.