Mobile companies like Huawei are building technology into their systems that could help get driverless cars on the road
companies. But the pie itself should grow more quickly. Lowering the cost of infrastructure perdeployed should accelerate its roll-out, notes Feng Hao of Bosch, a German engineering conglomerate which supplies high-tech components to Chinese carmakers.
In a recent speech China’s minister of industry and information technology, Miao Wei, said that the market for connected vehicles is projected to be worth 100bn yuan by next year. And as with just about anything, the potential demand forChinese firms may prosper well before the eventual arrival of all-outs. They already benefit from the leapfrog effect, says Wei Zhou, boss of China Creation Ventures, a venture-capital fund.
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