At the Future-Now APAC Conference in Hong Kong, experts discussed the challenges and potential of autonomous driving, forecasting a revenue of $300-$400 billion by 2035. Key issues include technology, data, and cost hurdles, with a focus on scaling from level 2 to level 4 vehicles while ensuring safety features across all price points. Localized data is crucial for development, particularly in densely populated regions like Mainland China, where machine learning capabilities can be enhanced.
Chinese electric vehicle stocks surged following record deliveries in October, driven by government subsidies. BYD Co. saw its shares rise by 5.6% after delivering over half a million plug-in electric and hybrid vehicles, while competitors Xpeng Inc and Geely Automobile Holdings Ltd also experienced gains exceeding 6%.
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