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The world's largest electric car market "autopilot revolution" is also quietly developing in China

September 13, 2023

Today, China has become the world's largest electric vehicle market. Based on this, under the impetus of the development of "comprehensive services" such as shared cars, the "autopilot revolution" is also quietly developing in China and the progress is quite rapid.

China takes the lead in launching the automatic driving revolution in the world's largest electric vehicle market

According to recent reports by the South China Morning Post, the latest industry data from IHS Markit, a provider of information and analytics, shows that automotive-based “mobile services” such as driverless cars that share cars, taxi services, and integrated entertainment, information and communication services are expected to In 2040, it brought in $1 trillion in revenue for global suppliers, and revenue from "mobile services" from cars was almost zero a decade ago.

Industry experts said that China is the world's largest market for electric vehicles and is expected to take the lead in developing such services in the future. China will change its global business model, improve road safety and reduce pollution.

So far, 290 cities in China have launched “Smart City” pilot projects driven by artificial intelligence (AI) technology. Of these, 93 urban projects are mainly concentrated in the mobile sector. These projects have the potential to use software to link infrastructures. , development of driverless cars (AV) and shared drive models.

In July this year, Shanghai opened China's first pilot area for unmanned vehicles and tested about 200 vehicles in a closed test area. Baidu also set up a $1.5 billion self-driving fund in September this year. This fund will invest 100 autopilot projects in the next three years.

Jim Burkhard, head of IHS Markit’s crude oil market, said: “The combined impact of mobile services, driverless technology, electric vehicles and government policies will drive the transformation of a country’s personal mobilization trends.”

However, Burkhard added, "The large-scale application of driverless cars may take at least five years. This period will be accompanied by technological upgrading, government support and acceleration, of course, consumers are also willing to accept this new application."

Andrew Dinsdale, managing director of Deloitte Digital, is relatively optimistic about China's adoption of self-driving cars. According to Deloitte's research, Chinese customers are enthusiastic about their upcoming new lifestyle. .

According to a global automotive study conducted by Deloitte, only 26% of Chinese people believe that self-driving cars are not safe, which is lower than last year's 62%, compared with 47% in the United States. 53% of Chinese people are looking forward to the early use of self-driving cars developed by professional autopilot startups. And 28% of consumers think this service will be provided by the traditional car manufacturers, and 19% think this service will be generated from the technology giant.

In contrast, 23% of Americans believe this service will be provided by the new self-driving car company, which accounts for only 12% of Japanese consumers. "This market needs to be based on consumer trust technology companies that can provide safe automated driving products," said Dingdale.

In recent years, China has emerged a number of emerging automotive brands that appear to challenge traditional auto giants.

One of China's newest electric vehicle companies is Byton, which has about 400 employees and develops business in three countries. Byton is actively promoting its popularity and is expected to make its debut at the Consumer Electronics Show in Las Vegas in 2018.

Recently, one of the most notable promotions was initiated by the new brand, Lynk & Co. This is a brand new SUV brand jointly developed by Geely and Volvo in August 2016 based on the CMA platform. The brand car is It was exhibited at the Shanghai Auto Show.

According to Markit's data, from January to September 2017, China sold more than 234,000 electric vehicles, an increase of 24% year-on-year, making China the world's largest electric vehicle market. In contrast, sales of electric vehicles in the United States during the same period were only slightly higher than 140,000, an increase of 26% year-on-year.

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Author:

Ms. Jinki Yu

Correo electrónico:

jinki@chinaevautos.com

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+8618167202396

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