01.11.17
Gemalto is partnering with Banma Technologies Co., Ltd for the production of China’s first Internet Car – the Roewe RX5. Banma is a new joint venture between Alibaba Group and SAIC Motor Corporation Limited.
The RX5 leverages Gemalto’s Machine Identification Module, MIM - securing cellular M2M connections for industrial applications - and features advanced telematics such as Bluetooth virtual car key, locationing of the vehicle, voice-command-enabled remote control of in-car functions, and real-time road condition alerts, etc.
The Chinese car market is currently the largest and fastest-growing in the world. In 2015, foreign and domestic car makers sold a total of 21.1 million passenger cars, up by 7.3% compared to 2014. For 2016, the local connected car market is expected to generate revenue of US$7.7 million. With an estimated compound annual growth rate of 45%, this market is potentially worth up to US$33.9 million by 2020. Moreover, connected car penetration in China is projected to triple from 4.8% to 18.1% over the same period.
The RX5 leverages Gemalto’s Machine Identification Module, MIM - securing cellular M2M connections for industrial applications - and features advanced telematics such as Bluetooth virtual car key, locationing of the vehicle, voice-command-enabled remote control of in-car functions, and real-time road condition alerts, etc.
The Chinese car market is currently the largest and fastest-growing in the world. In 2015, foreign and domestic car makers sold a total of 21.1 million passenger cars, up by 7.3% compared to 2014. For 2016, the local connected car market is expected to generate revenue of US$7.7 million. With an estimated compound annual growth rate of 45%, this market is potentially worth up to US$33.9 million by 2020. Moreover, connected car penetration in China is projected to triple from 4.8% to 18.1% over the same period.
