Sources: Desktop research; BCG analysis. Note: TAM = total addressable market. The TAM is estimated from the demand side only and does not consider supply-side expansion cadence or regulatory constraints on final market size. Exchange rate based on 1 USD = 7.0288 RMB. Growing demand for ride-hailing. Ride-hailing has robotaxi. With improvements in driving technology, development, with approximately 800 million2 monthly service quality, and expanded serviceable areas, orders currently. As most consumers have not yet adopted it as their primary means of transportation, to increase, further uplifting revenue per vehicle. future growth potential remains substantial, providing a solid market foundation for robotaxi development. does not take into account potential regulatory constraints, Increasing robotaxi penetration. Positive consumer supply-side expansion strategies, or deployment cadence. indicate strong penetration potential for robotaxi. Our analysis suggests that by 2035, approximately 42% potentially be addressable by robotaxi, equivalent to 2. Data sourced from the Ministry of Transport of the People's Republic of China.