Self-driving fleets? Idled. Plans to launch robotaxi services? Delayed. The future of ride-hailing and public transit? Suddenly in doubt. At least in the United States.
In China, a different story has materialized. Through the throes of the coronavirus crisis, Chinese companies developing autonomous-driving technology have accelerated the pace and scope of their deployments. Investors have rewarded those efforts, pumping hundreds of millions into their coffers at a time when such funding has been scarce elsewhere.