Autonomous driving (AD) systems are reaching an increasingly high level of sophistication in China, with Level 1 (Driver Assistance) and Level 2 (Partial Automation) scenarios being deployed on an increasingly large scale, finds KPMG China’s special report on Autonomous Driving: Levelling Up – China’s race to an autonomous future.
Part of KPMG China’s Leading Autotech 50 program, the report showcases China’s leading innovators in autonomous driving and analyses key challenges, opportunities and development trends for the industry.
Automotive Sector Head, KPMG China
Autonomous driving is considered the crown jewel of automotive intelligence, an intricate melding of artificial intelligence, user-centric design, and sophisticated manufacturing. Full autonomous driving will transform the automobile from a purely mechanical product to what is frequently referred to in China as the ‘mobile third space’. This ongoing transformation is already changing the value chain of the automotive industry and will create a broadened transportation ecosystem. Once realised, true autonomous driving will transform our concepts of mobility, logistics, and other areas of our personal and professional lives.
Head of Audit – Automotive Sector, KPMG China
The acceptance of intelligent connected vehicles by society is still evolving, in part due to price concerns. According to KPMG observation, early customer acceptance of autonomous driving functionality is higher in China than in most other countries. However, these technologies are expensive compared to other premium features, resulting in an expensive vehicle price. As component costs fall and more AD systems are embedded into vehicles, the pace of customer acceptance will accelerate.
While risks remain on the path to autonomous driving maturity, China is seeing the rubber hit the road on its autonomous driving ambitions.