Ontime's robotaxi fleet now numbers approximately 600 vehicles, which cover several hotspots in the Guangdong-Hong Kong-Macao Greater Bay Area.

The robotaxi sector has experienced a surge of business activity since early this year, with numerous companies rushing to secure their positions in anticipation of the market's explosive growth.

According to the latest report from Soochow Securities, the market size of China's robotaxi industry is projected to reach 83.1 billion yuan ($12.04 billion) by 2030 and further increase to 709.6 billion yuan by 2035.