China’s autonomous vehicle technology development is accelerating

China has invested a lot of money in the field of autonomous vehicles and plans to vigorously develop this emerging field of the automobile industry. China has billions of dollars invested in the development of autonomous vehicles, and most of its resources are concentrated in technology companies and automakers.
The development and testing of autonomous driving functions are expensive. SAIC plans to reach 300 billion yuan (approximately US$46.49 billion) in its smart autonomous vehicle budget by 2025.
SAIC Motor stated that its autonomous driving system can almost achieve Level 3, and from 2023, it can reach Level 4 in most cases. SAIC plans to budget 300 billion yuan (US$46.49 billion) for smart car functions, including autonomous driving, by 2025.
China does not allow self-driving cars to go on the road without prior application, and only issues permits for testing. The test must be carried out in a designated area.
Baidu’s Apollo and Pony.ai self-driving cars are ready for testing in designated areas in Beijing and Guangzhou, the capital of Guangdong Province. Apollo has tested autonomous taxi services in certain designated areas in cities such as Beijing and Cangzhou, Hebei Province. And in parts of Shanghai and Suzhou, Jiangsu Province, Didi and Momenta are testing self-driving cars.
At present, the cooperation between China’s autonomous driving technology companies and automakers is reducing the cost of autonomous vehicles. Reducing costs will be a major factor in accelerating the commercial operation of autonomous taxis in China.
China is striving to become a leader in the development, testing and deployment of autonomous driving technologies.