SOURCE / ECONOMY
China establishes innovation platform targeting automotive digital transformation
Published: Oct 14, 2021 12:33 PM
Visitors attend an international auto expo in North China's Tianjin Municipality on Wednesday. It is the first time for the city to hold a world-class auto show. The 200,000-square-meter expo showcases around 980 units of cars, including 145 new-energy vehicles. Photo: cnsphoto

Visitors attend an international auto expo in North China's Tianjin Municipality on Wednesday. It is the first time for the city to hold a world-class auto show. The 200,000-square-meter expo showcases around 980 units of cars, including 145 new-energy vehicles. Photo: cnsphoto



12 Chinese enterprises established an innovation platform for automotive digital transformation in Tianjin on Wednesday, under the guidance of State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. The platform will contribute to the breakthroughs in leading-edge technologies in auto industry, CCTV reported on Thursday.

Enterprises in multiple fields including China's major telecom carrier China Telecom, China Automotive Technology and Research Center, state-owned Chinese carmaker FAW Group and China South Industries Group Corporation (CSIGC), one of the country's military firms, participated in building the innovation platform.

Official from SASAS said that by 2025, the platform will push auto sector for breakthroughs in leading-edge technologies, solving technology bottlenecks across the industry.

According to Alibaba Cloud Research Center, by 2021, 70 percent of innovation throughout the auto industry will come from the restructuring of digital technologies.

Digital capability will become a new necessary cornerstone for enterprises in the auto sector, as well as an important part of creating new competitiveness, analysts noted.

The broad application of cutting-edge technologies including cloud computing, 5G and autonomous driving has promoted the development of digital technologies in the auto industry. 

Many auto companies have improved their digital services for customers. On October 10, Chinese AI firm SenseTime signed with Chengdu-based car service company Luxingtong for cooperation in detection algorithm for motor accidents, which will be committed to ensuring the safety of car owners as well as shortening rescue times.

Global Times