AI Takes the Wheel

In this episode of "Thoughts on the Market," Adam Jonas and Tim Hsiao discuss the evolution of the global auto industry with the integration of AI, focusing on the shift from traditional horsepower to AI-driven brainpower. They highlight China's rapid adoption of Level 2+ smart driving features, driven by intense market competition and government support, projecting that China will account for 60% of these vehicles by 2030. The conversation also covers the regulatory landscape in China, the rollout of robotaxis, and the broader global revenue opportunities in hardware and software. They explore the potential for technology transfer from autonomous vehicles to aviation, the transformation of the car ownership model into a mobility-as-a-service utility, and the geopolitical dynamics influencing the collaboration and competition between global OEMs and Chinese suppliers.