By 2019 the car ownership in China has reached 340 million, and the penetration rate of the Internet of vehicles has been increasing since 2015 (only 7%). It is expected that the penetration rate of the Internet of vehicles users in China will reach about 30% this year. The main business of Internet of vehicles in China is divided into safety collision, automatic driving, personal health and safety and entertainment system. The highest proportion of safety collision business is about 50%, followed by automatic driving, accounting for 18.50% of the whole Internet of vehicles business. The market scale of InternetRead More →
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