The global autonomous vehicle industry is an $8 trillion market opportunity, according to General Motors’ autonomous vehicle unit Cruise.
Dan Ammann, CEO of the GM majority-owned autonomous vehicle subsidiary, on Wednesday said that valuation includes autonomous ride-hailing services to compete against current companies such asUber and Lyft at a potentially $5 trillion sector; $2 trillion for freight; and $500 billion each for data insights and in-vehicle experiences.
“We’re bringing an extremely disruptive, transformational technology to a multitrillion-dollar market opportunity,” he said during an investor day for GM in New York, which was broadcast online.
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