JPMorgan Analyzes: Can Robotaxis Make Money Quickly?

JPMorgan believes it is too early for autonomous taxi hype, as fundamentals are not yet reasonable. However, by improving pricing, vehicle costs, and driver ratios, robotaxis could achieve breakeven in a single city by the second half of 2024.

Robotaxi in Wuhan: Current Operation and Prospects: Operating costs are currently high, with personnel costs being significant. Additionally, vehicle costs and system operation costs are major expenditures. According to Baidu's official data, profitability is expected by 2025.