What is driving the sector?
Not only today’s consumers want a more fuel-saving and environmental friendly vehicle, but we also see a lot of consumers don’t even want to own a car anymore. Instead, they change the public transportation, bike-sharing, or shared vehicle.
Consumer behavior is changing. government’s regulation, innovation, technologies are also changing. In 2020s we will be embracing a market of extreme changing dynamic with four trends seems to be leading the disruption. Or just like the Autofact team like to put it
「It’s going to be so eascy（Electric, Autonomous, Sharing, Connected, and Yearly Updated）」
Most mileage will be driven by EV.
Up to 40% of mileage is self-driven.
In the urban area up to 50$ of mileage is shared.
Most cars on the road will be connected.