China’s regulatory environment fosters Level 4 AV innovation

The challenge of making SAE Level 4 autonomous vehicles affordable, reliable, and safe is being met by new Chinese legislation. By Will Girling

China is on course to overtake the US in the autonomous vehicle (AV) market, despite the latter claiming an early lead in 2020. Worth only US$1.5bn in 2021, MarketResearch.com forecasts a 2030 valuation of US$98.9bn for the Chinese AV sector, a dramatic 6,433% increase. For comparison, the US is currently expected to barely exceed US$10bn by the same year.

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