Recently, the Beijing Municipal Bureau of Economy and Information Technology solicited opinions on the "Beijing Autonomous Driving Car Regulations (Draft for Soliciting Opinions)". The city intends to support autonomous driving cars for urban public electric car passenger transportation, online car-hailing, car rental and other urban travel services.

The relevant person in charge of the Municipal Bureau of Economy and Information Technology said that the city will focus on solving the main problems faced by autonomous driving car innovation activities in specific areas through legislation, and provide clear, transparent and predictable institutional norms for market entities of autonomous driving cars at L3 level and above on the basis of ensuring safety.

Guotai Junan pointed out in a research report that "Carrots Fast Running" is expected to achieve profitability in the commercial model of autonomous driving online car-hailing.

"Carrots Fast Running" is a self-driving travel service platform under Baidu, which has opened passenger testing and operating services in 11 cities and carried out all unmanned self-driving travel services testing in Wuhan, Beijing, Chongqing, Shenzhen, and Shanghai. Compared with the manned version, unmanned driving online car-hailing is cheaper and provides better passenger experience. According to the plan of "Carrots Fast Running", it will achieve full coverage of Wuhan and put 1,000 sixth-generation mass-produced unmanned cars into operation by 2024.

It is expected that with the increase in the number of deployments in the future, the operating cost of single cars will significantly decrease, and the scale effect may be reflected. "Carrots Fast Running" is expected to achieve operational balance by the end of 2024 in Wuhan and is expected to make a profit in 2025. Investment advice: The commercial model of "Carrots Fast Running" in Wuhan is expected to be replicated elsewhere, and autonomous driving may challenge the taxi and online car-hailing industry. There are mainly three investment directions: 1. Internet companies that master autonomous driving technology; 2. Industry chain enterprises that act as OEMs of complete vehicles and parts or IT services for Internet companies; 3. Enterprises related to automatic driving infrastructure vehicle-road-cloud.

1. Internet companies that master autonomous driving technology;

2. Industry chain enterprises that act as OEMs of complete vehicles and parts or IT services for Internet companies;

3. Enterprises related to automatic driving infrastructure vehicle-road-cloud.

Concept companies related to online car-hailing and self-driving:

Baidu Group-SW (09888): "Carrots Fast Running" is Baidu's self-driving travel service platform, focusing on using autonomous driving cars (Robotaxi) to provide travel services, including autonomous driving and fully unmanned driving operations. Li Yanhong said that "Carrots Fast Running" provided 0.115 million services in the past quarter, becoming the world's largest self-driving travel service provider116. Baidu Apollo continues to expand the scale of "Carrots Fast Running", with the goal of landing in 30 cities and serving 3 million users within three years.