Beijing to Support Self-Driving Cars in Ride-Hailing Services, Stocks Surge

Jul 9, 2024, 02:51 AM

Beijing plans to support the use of self-driving cars in online ride-hailing services, according to Chinese state media. The initiative includes legislative support for robotaxis and the integration of autonomous driving vehicles into public transportation, ride-hailing, leasing services, and car rental fleets. This announcement has led to a surge in stocks of self-driving technology companies and transportation system startups.