By Mark Schaub, Atticus Zhao, Wenyu Shan King & Wood Mallesons’ Finance & Capital Markets group

The development of advanced automated vehicle safety technologies, including fully self-driving cars, will be the greatest change to personal transportation since the introduction of the personal automobile nearly a century ago.[1]

Although humans love cars they do not seem to be particularly adept at driving. Surveys have found that some ninety percent of motor vehicle crashes are caused at least in part by human error.[2] Accordingly moving the driving from humans to autonomous vehicles may improve safety and save lives.  Continue Reading Self-driving Cars:China and Beyond- Who will be Liable?

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

The PRC government continues to set the stage to develop self-driving cars.schaub_mThe latest salvo took place on 13 June 2017 when the Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) jointly issued draft Guidelines for the Establishment of National Standards System of Telematics Industry (Intelligent & Connected Vehicles) (“Draft Guidelines”) for public comment.   Continue Reading China: Put Self-driving Cars into Gear

By Mark Schaub,  Atticus Zhao, David Hong  King & Wood Mallesons’ Corporate & Securities group

schaub_mThe move towards self-driving cars is relentless and China as the world’s largest auto market and a leader in internet technologies wants to be at the cutting edge of this revolution.

That self-driving cars is a huge potential market seems clear. On March 3, 2017, IHS Markit, the leading automobile market intelligence firm, published its latest Advanced Driver Assistance Systems (ADAS) Applications and Sensors Report[1]. This report noted that the global ADAS market is set to explode and surpass 302 million units annually in 2022 – which would be a nearly 200% increase over the 2016 numbers. This growth is mostly driven by advances in sensors technology that can be combined to provide better automated driving and includes aftermarket ADAS solutions for existing vehicles. Continue Reading China: ADAS to Self-driving Cars – The Journey Starts