Toyota (7203) - Implications of Volvo Providing Uber with Robotaxis
With Volvo to provide Uber with self-driving taxis, “robotaxi”, is it time for Toyota to panic?
Key Points
• Does this mean that Volvo is gaining the upper hand in mobility services and self-driving technologies, leaving competitors like Toyota behind?
• We believe that in order to survive in the long term, automakers need to run their own ride-hailing operations, thus remaining in control of the vehicle supply and creating a new revenue stream.
• We discuss why launching robotaxis by as early as 2019 could backfire badly.
• While we fully believe in the future of self-driving cars, we think that neither the technology, public acceptance, nor the legal framework are yet ready.
• We question Uber’s motives for this announcement.
• Granted, Volvo is now among the top brands in the AD space thanks to its advanced technologies and Geely is helping it reach its large-player aspirations…
• …and Geely is emerging as an aggressive new force on the global scene.
• Therefore, while the Uber-Volvo AD taxi deal is not likely to give Toyota CEO Akio Toyoda sleepless nights , the rising importance of behind-the-scenes player Geely might.
• Geely’s ascent may give other perhaps less visionary automakers more of a headache than Toyota.
Toyota Motor is an automobile manufacturer. Co. is primarily engaged in the design, manufacture, and sale of sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories throughout the world. Co. provides financing, vehicle and equipment leasing and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Co. Co.'s principal business segments are automotive operations, financial services operations and other operations. Co. sells its vehicles in approximately 190 countries and regions, and markets for its automobiles in Japan, North America, Europe and Asia.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.