In 2025, intelligent driving has shifted from hype to reality, with players such as BYD, Pony.ai, and Uber reshaping the global landscape. From Robotaxis in the Middle East to highway assisted driving (NOA) now reaching cars priced under RMB 150k, the industry is undergoing a deep sectoral revolution—and the stakes have never been higher. 

VMS Group’s latest report, prepared by our Head of Private Equity, JM Zou, and our Head of Technology and Consumer, Kevin Gong, uncovers the three critical battlegrounds where winners will emerge:

• Capital’s new playbook: Why investors now bet on scaling over pure technology.
• The “dual-track” war: How companies like Momenta are slashing costs in the L2+/L3 segment while industry players like Pony.ai lock down global corridors in the L4 space.
• The hidden moat: Integrated hardware-software solutions—and what you should care about.

Download the report above and read the latest insights.