By Mark Schaub, Atticus Zhao and Xia Shengying King & Wood Mallesons’ Corporate & Securities group

In a relatively short time autonomous vehicles have gone from a flight of fancy to a fully anticipated event. It is no longer seen as a futuristic concept but increasingly real as governments are passing regulations and in even clearer statement of intent by allocating funds in preparation for driverless cars. For many it is seen the next major manufacturing revolution which will likely transform the global automotive industry. The World Economic Forum estimates the digital transformation of the automotive industry will generate US$67 billion in value for the sector and US$3.1 trillion in societal benefit.[1] 
Continue Reading China: Mapping the Future