Government policies and a strong manufacturing base have put China at the forefront of connected and autonomous vehicle technology. However, there are calls for more policies to enable infrastructure for smarter driving and to allow other companies to operate in China to embrace the autonomous driving trend. Consortia are seen as key to advancing innovation and lowering development costs, with larger companies benefiting from the standardization of technology. Despite facing geopolitical resistance and competition from Western counterparts, China's focus on advanced technologies and lower pricing could attract more Western automakers and investment.
Key takeaways:
- China is aiming to become the global leader in automated driving by 2025, with a focus on building consortia to develop the smart-vehicle supply chain and spread innovation.
- Government policies and a strong manufacturing base have positioned China as a leader in the development of connected and autonomous vehicle technology.
- Consortia can help advance innovation, lower development costs, and standardize technology, making it more affordable and accessible.
- China's focus on creating competition with advanced technologies and lower pricing could attract Western automakers and investment, potentially leading to more innovation in the smart-driving industry.