Self-driving vehicles are no longer a thing of the future, as autonomous buses, taxis and cars are beginning to hit the road. And despite some hesitancy, there are signs that the public may be opening up to autonomous vehicles--as we recently reported, 62% of people surveyed believe autonomous vehicles are the way of the future, according to a consumer Mobility Report. COVID-19 has had a positive impact, as city planning and safety in public spaces haves forced many to reimagine the role of autonomous vehicles in our lives. Still, putting actual trust in these vehicles is still a major obstacle. While 52% of those surveyed say they are excited by the concept of autonomous vehicles, and 72% predict that most people will use them by 2041, they're not ready to get into one--yet.
Artificial intelligence (AI) is advancing, though perhaps not as fast as the hype cycles would have us believe. But we are starting to see AI being applied to tasks typically done by humans, including more intelligent chatbots that can answer first- and even second-level customer service requests, smart software bots automating business process tasks and pilot projects involving autonomous vehicles. It is these vehicles that have captured the popular imagination. Proponents envision a world in which deaths caused by speeding, distracted driving, fatigue, drunk driving and other human errors can be dramatically reduced. This is a world of ride-sharing, a world where elderly and disabled populations gain mobility, a world where many people, particularly in urban centers, won't even buy cars anymore.
BEIJING, Dec 27 (Reuters) - China's BYD (002594.SZ) and autonomous driving startup Momenta have established a 100 million yuan ($15.7 million) joint venture to deploy autonomous driving capabilities across certain BYD car model lines, according to a Momenta statement and a person familiar with the matter. The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving, said the statement on Monday. BYD has invested 60 million yuan in the venture while Beijing-based Momenta is investing 40 million yuan, the person said. The person said the initial scope of work will include deploying "Level 2 plus" autonomous driving capability across some vehicle model lines. Level 2 semi-autonomous cars have technology that can take care of nearly all aspects of driving, from steering to acceleration and braking, but the driver needs to be ready to intervene if needed.
In recent years, autonomous driving and so-called robotaxis have become one of the hottest topics in the automotive industry - and beyond! Recent autonomous vehicle forecasts call for sales of more than 30 million autonomous vehicles in 2040. Although the sharpest gains are expected to occur after 2030 compared to one million in 2025, commercial market introduction is announced by several OEMs for 2021. Traditional car manufacturers and established suppliers are not the only ones who are trying hard to find the sweet spots in this new emerging mobility value chain. Tech giants like Nvidia and Intel, leading software and internet players like Google (Waymo) and new mobility startups such as Aurora, Cruise and Uber are also on the verge of reaping the rewards of an entirely new future mobility era.