Draft revision to Road Traffic Safety Law proposes dedicated autonomous driving chapter to clarify liability

Regulation
โดย 中国证券报·CN·Read original
Summary · why it matters

The draft revision to the Road Traffic Safety Law was submitted on August 25 for deliberation at the 24th meeting of the Standing Committee of the 14th National People's Congress. It adds a dedicated chapter on special provisions for autonomous vehicles, clarifying that when road traffic safety violations occur while the autonomous driving function is activated, the manufacturer or importer will be responsible for handling them. The draft also defines the concepts of autonomous vehicles and assisted driving functions, stipulating that vehicles equipped only with assisted driving functions will be managed as non-autonomous vehicles. Industry insiders say this is a milestone in the legalization of autonomous driving in China, clarifying primary liability at the legal level and clearing obstacles for the commercial deployment of Level 3 and above autonomous driving. It is seen as positive for A-share concept stocks such as Ruili Kemi and Wanji Technology. In addition, an international standard for testing electronic communication magnetic components, led by China, was recently jointly released by the International Electrotechnical Commission and the Institute of Electrical and Electronics Engineers. Related concept stocks include Jingquanhua and Click Technology.

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瑞立科密 (广州瑞立科密汽车电子股份有限公司)Private▲ Positive
Regulationrelevance

Draft law clarifies liability for autonomous driving, benefiting companies in the sector.

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