China Securities: Tesla's robotaxi begins operations, with new vehicles, domestic demand, and exports remaining the main focus

Published: Jun 26, 2025 13:44

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[China Securities: Tesla's robotaxi begins operations, with new vehicles, domestic demand, and exports remaining the main focus] China Securities pointed out that there have been continuous catalysts in the L4 autonomous driving industry recently. Tesla launched a trial operation service for its Robotaxi based on FSD in Austin, US, on June 22. Leading Robovan companies such as Jiushi, Neolix, and Baixiniu have seen accelerated order growth. The L4 autonomous driving industry has reached an inflection point this year. The robotics sector (technological growth) and the new vehicle cycle for complete vehicles remain the main investment focuses in the automotive sector. Factors such as new vehicles, domestic demand, and exports continue to be structural growth drivers with strong certainty. The industry was previously affected by promotional activities initiated by OEMs during the off-season, dampening sentiment. However, end-user orders have recently recovered, and there is still expected recovery or upside room.

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