China Robotaxis Face Losses as Utilization Trails Waymo, BI Says

China robotaxi operators Pony AI and WeRide face sustained operating losses through 2028 as domestic fleet utilization lags Waymo’s rate of more than 58%. The gap in utilization widens the break-even timeline for Chinese operators relative to Waymo, which has not seen significant increases in fleet size despite expansion. Waymo’s profitability depends on domestic fleet density reaching critical mass, a threshold neither company is expected to hit before the latter half of the decade.

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