Micron Technology (MU.O) and Ford Motor (F.N) signed a strategic agreement to strengthen long-term storage supply and industry resilience.

Hong Kong tech shares rallied; Bilibili (09626.HK) and Tencent Holdings (00700.HK) rose over 3%, Meituan (03690.HK) gained 2.4% and Alibaba Group (09988.HK) added 1.9%.

Morgan Stanley analysts say the robotaxi industry is moving from limited pilots into early commercialisation and may evolve into a distributed mobility network rather than centralized deployments. They project a global fleet of roughly 2.5 million vehicles by 2035 and see about a $1 trillion market opportunity by 2040. Unit economics are expected to reach break-even around 2028, with mass commercial operations by 2030. Advances in AI, falling hardware costs and clearer regulation are accelerating deployments; some operators already run 24/7 driverless services in select cities. The bank says investor focus is shifting from technical feasibility to identifying operators most likely to scale efficiently and profitably.