www.reuters.com Open in urlscan Pro
2600:9000:235a:f400:15:5a3e:9d40:93a1  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content

Exclusive news, data and analytics for financial market professionalsLearn more
aboutRefinitiv

Reuters home
 * WorldChevron
   Browse World
    * Africa
    * Americas
    * Asia Pacific
    * China
    * Europe
    * India
    * Israel and Hamas at War
   
    * Japan
    * Middle East
    * Ukraine and Russia at War
    * United Kingdom
    * United States
    * US Elections
    * Reuters Next
   
   Latest in World
    * Panama top court calls session on presidential frontrunner's candidacy
      7 min ago
      article with gallery
    * Thai King approves ex-diplomat Maris as foreign minister
      
      Retired diplomat Maris Sangiampongsa has been endorsed as the country's
      new foreign minister by Thailand's king, the official Royal Gazette said
      on Wednesday.
      
      18 min ago
    * Philippines says Chinese coast guard elevating tensions in South China Sea
      21 min ago
      
    * Taiwan on alert for post-inauguration Chinese drills
      30 min ago
      

 * BusinessChevron
   Browse Business
    * Aerospace & Defense
    * Autos & Transportation
    * Davos
    * Energy
    * Environment
    * Finance
    * Healthcare & Pharmaceuticals
   
    * Media & Telecom
    * Retail & Consumer
    * Future of Health
    * Future of Money
    * Take Five
    * World at Work
   
   Latest in Business
    * Australia's Qantas probing reports of data breach at loyalty app
      3:01 AM GMT+2
      
    * Brazil posts strong job figures, signals stronger activity; inflation a
      concern
      2:50 AM GMT+2
      
    * Oil falls for a third day as U.S. crude inventories swell
      2:49 AM GMT+2
      
    * Australia banks face profit squeeze on rising costs, mortgage competition
      2:46 AM GMT+2
      

 * MarketsChevron
   Browse Markets
    * Asian Markets
    * Carbon Markets
    * Commodities
    * Currencies
    * Deals
    * Emerging Markets
    * ETFs
    * European Markets
   
    * Funds
    * Global Market Data
    * Rates & Bonds
    * Stocks
    * U.S. Markets
    * Wealth
    * Macro Matters
   
   Latest in Markets
    * Stocks notch monthly drop, dollar rebounds as data, Fed loom large
      2:41 AM GMT+2
      article with gallery
    * TSX loses monthly winning streak as US rate cut prospects ebb
      April 30, 2024
      
    * South African rand weakens after trade and budget balance data
      April 30, 2024
      
    * SocGen Hong Kong traders left bank after unauthorised bets uncovered,
      source says
      April 30, 2024
      

 * SustainabilityChevron
   Browse Sustainability
    * Boards, Policy & Regulation
    * Climate & Energy
    * Land Use & Biodiversity
    * Society & Equity
    * Sustainable Finance & Reporting
    * The Switch
    * Reuters Impact
   
   Latest in Sustainability
    * Biden team sets out path for ethanol aviation fuel subsidies
      2:32 AM GMT+2
      
    * Musk disbands Tesla EV charging team, leaving customers in the dark
      1:43 AM GMT+2
      
    * Germany's struggle to clean up its supply chains has lessons for Europe
      1:34 AM GMT+2
      article with gallery
    * Ex-Google workers say firings for protesting Israel contract were illegal
      1:20 AM GMT+2
      

 * LegalChevron
   Browse Legal
    * Government
    * Legal Industry
    * Litigation
    * Transactional
    * US Supreme Court
   
   Latest in Legal
    * US newspapers sue OpenAI for copyright infringement over AI training
      1:55 AM GMT+2
      
    * IBM wins reversal of $1.6 billion judgment to BMC over software contract
      1:35 AM GMT+2
      
    * Ex-Google workers say firings for protesting Israel contract were illegal
      1:20 AM GMT+2
      
    * US Justice Department takes step to make marijuana use a less serious
      crime
      1:20 AM GMT+2
      article with video

 * BreakingviewsChevron
   Browse Breakingviews
    * Breakingviews Predictions
   
   Latest in Breakingviews
    * Amazon is the everything-plus-AI store
      1:05 AM GMT+2
      
    * Musk’s China jaunt keeps underwhelming status quo
      April 30, 2024
      article with video
    * Global retailers are headed for Shein reckoning: podcast
      April 30, 2024
      article with podcast
    * Von der Leyen’s China plan is all bark and no bite
      April 30, 2024
      

 * TechnologyChevron
   Browse Technology
    * Cybersecurity
    * Space
    * Disrupted
    * Reuters Momentum
   
   Latest in Technology
    * AI fuels cloud computing boom for tech giants
      2:04 AM GMT+2
      
    * PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
      1:56 AM GMT+2
      
    * US newspapers sue OpenAI for copyright infringement over AI training
      1:55 AM GMT+2
      
    * IBM wins reversal of $1.6 billion judgment to BMC over software contract
      1:35 AM GMT+2
      

 * Investigations
 * MoreChevron
   Sports
    * Olympics
    * Athletics
    * Baseball
    * Basketball
    * Cricket
    * Cycling
    * Formula 1
    * Golf
    * NFL
    * NHL
    * Soccer
    * Tennis
   
   Science
   Lifestyle
   Graphics
   Pictures
   Podcasts
   Fact Check
   Video
   Sponsored Content
    * Reuters Plus
    * Coupons
   
   Trending Stories
    * Worldcategory
      New York City police enter Columbia University amid pro-Palestinian
      protests
      article with video
    * Businesscategory
      Musk disbands Tesla EV charging team, leaving customers in the dark
      
    * Worldcategory
      Exclusive: UN experts say North Korea missile landed in Ukraine's Kharkiv
      article with video
    * Worldcategory
      Judge fines Trump $9,000, threatens jail for contempt in hush money trial
      article with video

My ViewMy ViewChevron
Search
Sign InRegister
Menu
 * Autos & Transportation
 * TechnologyChevron
 * ADAS, AV & SafetyChevron
 * Software-Defined VehicleChevron
 * EV BatteryChevron


TESLA'S SELF-DRIVING BID FOR CHINA FACES RIVALS RACING AHEAD

By Reuters
April 30, 20247:11 AM GMT+2Updated 18 hours ago
Save
Text
 * Small Text
 * Medium Text
 * Large Text

Share
 * Twitter
 * Facebook
 * Linkedin
 * Email
 * Link

Maximize
Item 1 of 2 A Tesla Model 3 vehicle warns the driver to keep their hands on the
wheel and be prepared to take over at anytime while driving using FSD (Full
Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike
Blake/File Photo
[1/2]A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel
and be prepared to take over at anytime while driving using FSD (Full
Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike
Blake/File Photo Purchase Licensing RightsNew Tab, opens new tab
ChevronChevron
 * Summary
 * Companies

 * Chinese tech giants juice up smart car competition
 * In China, even cheaper cars have self-driving features
 * Tesla autonomous EVs may spur 'catfish effect'
 * China data transfer key to Tesla getting ahead

SHANGHAI/BEIJING, April 30 (Reuters) - If Tesla succeeds in bringing its "Full
Self-Driving" system to China, the world's largest car market, the U.S.
electric-car pioneer will be shifting into the fast lane of the global race
toward autonomous vehicles.
On a whirlwind trip to Beijing starting Sunday, Musk came to discuss the
potential rollout of its FSD driver-assistance system and the possibility of
securing government approvals for overseas transfers of data from Tesla
(TSLA.O)New Tab, opens new tab vehicles in China, according to a source with
knowledge of the trip.
Advertisement · Scroll to continue

Such data, used to train self-driving systems, would boost Tesla's long-term
efforts to produce fully autonomous vehicles.
As it did with electric cars, Tesla could prove a fierce competitor in China's
autonomous-vehicle segment, industry analysts and executives say, citing its
early lead in developing driver-assistance systems with some autonomous
features.
But Tesla faces potent rivals including BYD (002594.SZ)New Tab, opens new tab,
China's largest EV maker, and Huawei (HWT.UL), a smartphone maker emerging as a
national tech champion, that have rolled out systems designed to navigate
China's densely packed urban landscapes.
Advertisement · Scroll to continue

Those two giants are among at least 10 automakers and suppliers that have
unveiled driver-assistance systems over the past two years that can navigate
city streets and make turns at intersections. Others include EV makers Xpeng
(9868.HK)New Tab, opens new tab and Li Auto (2015.HK)New Tab, opens new tab, and
Xiaomi (1810.HK)New Tab, opens new tab, the smartphone maker that recently
introduced its first car, an instant hit.
Any new model priced at more than $30,000 in China now needs advanced
driver-assistance features to compete, said Maxwell Zhou, co-founder of
DeepRoute.ai, a China-based startup selling software for advanced
driver-assistance systems.

"You must have a high-level driving solution to prove you have a smart car, not
a stupid car," Zhou told Reuters.
Xpeng has said it plans to launch a new mass-market brand, Mona, with
self-driving features on a car priced below $21,000. That's more than $10,000
cheaper than the China price of Tesla's Model 3.
Many industry experts expect it will take years before fully autonomous cars are
commonplace, but predictions vary widely.
Advertisement · Scroll to continue

Driver-assistance features now offered in China are "level two" systems, meaning
they require a driver ready to take over. Tesla's FSD and its less-advanced
options of Autopilot, are also level-two systems requiring attentive drivers.
More fully automated vehicle fleets operated by Baidu (9888.HK)New Tab, opens
new tab, China's biggest search engine operator, and Pony.ai, an autonomous
driving startup, run in limited test zones.



'CATFISH EFFECT'

Tesla's push to roll out FSD in China would "pressure the other EV startups to
accelerate their research and development", said Yale Zhang, managing director
at Shanghai-based consultancy Automotive Foresight.
China saw the same dynamic in electric-vehicle development when its government
approved Tesla to open a Shanghai plant in 2018. At the time, officials hoped
for what they called a "catfish effect" - that dropping a big catfish, Tesla, in
the tank would make the other fish, China EV makers, swim faster.
China's industry responded. BYD, the nation's EV leader, has since introduced a
slew of models at all price points - starting below $10,000 - as its China EV
sales exploded from just over 105,000 in 2018 to more than 1.5 million last
year.
Zhang said Tesla's autonomous-vehicle development in China could have the same
impact: "It would be the 'catfish effect' for the second half of the game."


'INNOVATIVE AND DISRUPTIVE'

At the Beijing auto show that opened last week, Chinese automakers and suppliers
touted "level-two-plus" driver-assistance systems with more advanced sensors and
displays. While they are not cleared by regulators for hands-off-the-wheel
driving, some are designed to be with future software upgrades.
While Tesla relies only on cameras to detect hazards around self-driving cars,
other automakers are rolling out systems that include lidar, which uses pulses
of light to detect objects.
Huawei showed off components from telematics receivers that work with both the
U.S.-backed GPS system and China’s rival BeiDou satellite system, along with
lidar and optical sensors, for advanced driving systems.
The Chinese tech giant aims to compete with other major suppliers of such
systems including Bosch and Continental (CONG.DE)New Tab, opens new tab. Bosch
welcomes the competition, said Markus Heyn, the Bosch board member who runs the
German auto supplier's mobility unit.
"It's good for the market," he said. "We love doing innovative and disruptive
stuff."
Tesla could be among the toughest competitors, in part because of its ability to
collect data from its vehicles - the world's largest fleet of EVs currently on
roads. However, under Beijing's data security rules, it cannot transfer data
from its cars in China offshore without approvals.
Musk has pushed for that data to be able to be made available for training its
self-driving technology outside China, people familiar with Musk’s discussions
with Chinese officials have said. It's not clear what progress, if any, Musk
made on data transfers with Chinese officials he visited in Beijing, including
Premier Li Qiang.
Musk did leave China with signals that Tesla (TSLA.O)New Tab, opens new tab is
closer to delivering FSD in China, which would open a source of new revenue at a
time when its EV sales and pricing are under intense pressure from Chinese
rivals.
Wins for Tesla from the trip included an endorsement from China's auto industry
group that Tesla's best-selling models comply with China's data-privacy
regulations and the announcement of a deal with Baidu allowing Tesla to use its
mapping license to collect data.
Xpeng Motors CEO He Xiaopeng said in a statement on LinkedIn that a move by
Tesla to launch FSD in China could intensify what he predicted would be a
decade-long battle for dominance of "smart EVs".
China won't be the only battlefield. It's critical for China's self-driving
technology industry, He said, to start "making its mark on international markets
outside its own turf."

Stay up to date with the latest news, trends and innovations that are driving
the global automotive industry with the Reuters Auto File newsletter. Sign up
here.

Reporting by Zhang Yan in Shanghai and Kevin Krolicki in Beijing; Editing by
Brian Thevenot and Sonali Paul

Our Standards: The Thomson Reuters Trust Principles.New Tab, opens new tab

Save
Share
 * Twitter
 * Facebook
 * Linkedin
 * Email
 * Link

Purchase Licensing Rights


READ NEXT

ChevronChevron
 * TechnologycategoryMusk disbands Tesla EV charging team, leaving customers in
   the dark
   
   Elon Musk's abrupt decision to lay off employees who ran Tesla's electric
   vehicle charging business blindsided automakers gearing up to equip new EVs
   for customers to use the Tesla Supercharger network, industry officials and
   analysts said on Tuesday.

 * article with video
   TechnologycategoryWeak demand, new model ramp up hit Europe's top automakers
   
   European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower
   sales and first-quarter revenue on Tuesday as they geared up to launch new
   models, faced higher costs and were hit by weaker demand for new cars as
   interest rates remain high.

 * article with gallery
   Financial ResultscategoryMercedes-Benz to stay firm on pricing following Q1
   profit drop
   
   Mercedes-Benz on Tuesday vowed to steer clear of entering a discount race,
   saying it would defend high pricing levels for its luxury cars as model
   changeovers and supply chain bottlenecks caused quarterly profits to fall.

 * article with gallery
   TechnologycategoryStellantis shares tumble on cautious margin forecast for H1
   
   Stellantis sees weaker profitability through the whole first half of the
   year, with margins at the low end of its forecasts, its CFO said on Tuesday
   after the automaker reported falling revenues in the first three months of
   the year.

 * article with video
   Sustainable & EV Supply ChaincategoryMusk lays off Tesla senior executives in
   fresh job cuts, The Information reports
   
   Elon Musk has dismissed two Tesla senior executives and plans to lay off
   hundreds more employees, frustrated by falling sales and the pace of job cuts
   so far, The Information reported on Tuesday, citing the CEO's email to senior
   managers.




BUSINESSCHEVRON




 * AUSTRALIA'S QANTAS PROBING REPORTS OF DATA BREACH AT LOYALTY APP
   
   Cybersecuritycategory · May 1, 2024 · 3:01 AM GMT+2
   
   Australia's Qantas Airways said on Wednesday it was investigating issues
   impacting its frequent flyer application, after media reports suggested there
   was a data breach allowing users access to other passengers' travel
   information.

 * Macro MatterscategoryBrazil posts strong job figures, signals stronger
   activity; inflation a concern2:50 AM GMT+2
 * StoragecategoryOil falls for a third day as U.S. crude inventories swell2:49
   AM GMT+2
 * FinancecategoryAustralia banks face profit squeeze on rising costs, mortgage
   competition2:46 AM GMT+2
 * article with gallery
   MarketscategoryStocks notch monthly drop, dollar rebounds as data, Fed loom
   large2:41 AM GMT+2




SITE INDEX


LATEST

 * Home
 * Authors
 * Topic sitemap


BROWSE

 * World
 * Business
 * Markets
 * Sustainability
 * Legal
 * Breakingviews
 * Technology
 * InvestigationsNew Tab, opens new tab
 * Sports
 * Science
 * Lifestyle


MEDIA

 * 
   VideosNew Tab, opens new tab
 * 
   Pictures
 * 
   GraphicsNew Tab, opens new tab


ABOUT REUTERS

 * About ReutersNew Tab, opens new tab
 * CareersNew Tab, opens new tab
 * Reuters News AgencyNew Tab, opens new tab
 * Brand Attribution GuidelinesNew Tab, opens new tab
 * Reuters LeadershipNew Tab, opens new tab
 * Reuters Fact CheckNew Tab, opens new tab
 * Reuters Diversity ReportNew Tab, opens new tab


STAY INFORMED

 * Download the App (iOS)New Tab, opens new tab
 * Download the App (Android)New Tab, opens new tab
 * NewslettersNew Tab, opens new tab


INFORMATION YOU CAN TRUST

Reuters, the news and media division of Thomson Reuters, is the world’s largest
multimedia news provider, reaching billions of people worldwide every day.
Reuters provides business, financial, national and international news to
professionals via desktop terminals, the world's media organizations, industry
events and directly to consumers.


FOLLOW US

 * Twitter
 * Facebook
 * Instagram
 * Youtube
 * Linkedin


THOMSON REUTERS PRODUCTS

 * WESTLAWNEW TAB, OPENS NEW TAB
   
   BUILD THE STRONGEST ARGUMENT RELYING ON AUTHORITATIVE CONTENT,
   ATTORNEY-EDITOR EXPERTISE, AND INDUSTRY DEFINING TECHNOLOGY.

 * ONESOURCENEW TAB, OPENS NEW TAB
   
   THE MOST COMPREHENSIVE SOLUTION TO MANAGE ALL YOUR COMPLEX AND EVER-EXPANDING
   TAX AND COMPLIANCE NEEDS.

 * CHECKPOINTNEW TAB, OPENS NEW TAB
   
   THE INDUSTRY LEADER FOR ONLINE INFORMATION FOR TAX, ACCOUNTING AND FINANCE
   PROFESSIONALS.


LSEG PRODUCTS

 * WORKSPACENEW TAB, OPENS NEW TAB
   
   ACCESS UNMATCHED FINANCIAL DATA, NEWS AND CONTENT IN A HIGHLY-CUSTOMISED
   WORKFLOW EXPERIENCE ON DESKTOP, WEB AND MOBILE.

 * DATA CATALOGUENEW TAB, OPENS NEW TAB
   
   BROWSE AN UNRIVALLED PORTFOLIO OF REAL-TIME AND HISTORICAL MARKET DATA AND
   INSIGHTS FROM WORLDWIDE SOURCES AND EXPERTS.

 * WORLD-CHECKNEW TAB, OPENS NEW TAB
   
   SCREEN FOR HEIGHTENED RISK INDIVIDUAL AND ENTITIES GLOBALLY TO HELP UNCOVER
   HIDDEN RISKS IN BUSINESS RELATIONSHIPS AND HUMAN NETWORKS.

 * Advertise With UsNew Tab, opens new tab
 * Advertising GuidelinesNew Tab, opens new tab
 * CouponsNew Tab, opens new tab
 * Purchase Licensing RightsNew Tab, opens new tab

 * CookiesNew Tab, opens new tab
 * Terms of UseNew Tab, opens new tab
 * PrivacyNew Tab, opens new tab
 * Digital AccessibilityNew Tab, opens new tab
 * CorrectionsNew Tab, opens new tab
 * Site FeedbackNew Tab, opens new tab

All quotes delayed a minimum of 15 minutes. See here for a complete list of
exchanges and delays.

© 2024 Reuters. All rights reserved





RIGHT TO WITHDRAW CONSENT UNDER GDPR

We and our 203 partners store and/or access information on a device, such as
unique IDs in cookies to process personal data. You may accept or manage your
choices by clicking below, including your right to object where legitimate
interest is used, or at any time in the privacy policy page. These choices will
be signaled to our partners and will not affect browsing data.Cookie
PolicyPrivacy Statement


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised
advertising and content, advertising and content measurement, audience research
and services development. List of Partners (vendors)

Allow All Reject All Show Purposes


Feedback