Requirements by national policy and recognition of the importance of the Internet of Vehicles are among factors stimulating growth
The intelligent hardware innovation platform Ingdan.com has become the first official partner of Mobileye in China. The partnership will help to grow the intelligent vehicle business in the country.
Mobileye develops vision technology for advanced driver assistance systems (ADAS) and autonomous driving and will utilise Ingdan in its Powered by Mobileye programme. Ingdan has been developed by Cogobuy Group, which is the largest e-commerce platform for the electronics manufacturing industry in China.
Ingdan.com is dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data and supply chain demand docking for global Internet of Things (IoT) innovators and entrepreneurs.
Propelled by the national policy, the market for intelligent driving in China is embracing new growth drivers. At the beginning of the year the Ministry of Transport released a new requirement to have business vehicles of nine metres long or more to have lane departure warning (LDS) systems and front collision warning (FCW) systems installed as standard.
In addition, the announcement of the Safety Coach Assessment Programme last month by the authorities signified a realisation by the Government of internet safety works and new businesses such as Internet of Vehicles as the key areas to work on, instilling further impetus in the smart car industry.
"The national policy has given rise to huge demand for core intelligent driving technologies such as advanced driver assistance systems from the automobile manufacturing industry,” said Jeffrey Kang, CEO of Cogobuy Group. “This will create huge potential for the industry.”
According to projections by HIS Markit, the aggregate value of automated driving automobile sales will reach 21 million units by 2035, where 5.7 million units will be sold by China market.
Kang explained that the company had planned ahead to expand its foothold in the smart car business and had established a long-term strategic partnership with Mobileye back in 2015. He added: “With the boost from Ingdan.com, the company successfully facilitated inclusion of an ADAS + Internet of Vehicles solution by Mobileye in the Hong Kong Smart City Development Blueprint.
"We believe that following the completion of integration with Intel’s Automated Driving Group, Mobileye will see its leadership position in the market further reinforced.”
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