Shanghai is doubling down on intelligent cars, and specifically autonomous driving technology, as the engine of a high-potential growth industry that can produce 500 billion yuan (US$72 billion) in economic value by 2025.
A new plan, released by the General Office of Shanghai Municipal People’s Government on Monday, calls for establishing a “domestically leading innovation and development system” for intelligent cars, with the city making “significant progress in the research and development of core technologies” and achieving “self-sufficiency of core equipment”.
More than 70 per cent of vehicles produced by 2025 should have level 2 (L2) and L3 driverless systems, while L4 systems should be realised in “specific areas and scenarios”, according to the plan.