Xu Liuping, chairman of state-owned FAW Group, speaks at an event of Chinese car marque Hongqi, or Red Flag, held at the Great Hall of the People in Beijing
Alibaba Group Holding has teamed up with China’s state-owned FAW Group Corp to jointly build next-generation smart vehicles, as competition intensifies in the world’s largest car market ahead of the broader roll-out of 5G networks.
Their partnership will involve Banma Network Technology, an Alibaba-led open mobility platform, to develop a new intelligent connected vehicle operating system and help promote the use of digital intelligence in the car industry.
FAW – the Chinese joint venture partner of major industry players including Volkswagen, Toyota Motor Corp and Mazda Motor Corp – will also use Banma’s technologies and resources to help design “smart cockpit solutions” for its upcoming vehicles, the statement said.
China is targeting 30 per cent of all cars sold in the market by 2025 to be “intelligent connected vehicles”, providing a range of automated features, according to a draft plan released by the Ministry of Industry and Information Technology.
FAW, parent of Chinese luxury car brand Red Flag, said it will build up its global digital infrastructure by leveraging Hangzhou-based Alibaba’s resources, including its cloud computing operations, according to their joint statement.
Alibaba’s data intelligence technologies will also be used by the carmaker to boost its capabilities in areas including product research and development, marketing and customer services.
Xu Liuping, chairman of state-owned FAW Group, speaks at an event of Chinese car marque Hongqi, or Red Flag, held at the Great Hall of the People in Beijing
FAW – the Chinese joint venture partner of major industry players including Volkswagen, Toyota Motor Corp and Mazda Motor Corp – will also use Banma’s technologies and resources to help design “smart cockpit solutions” for its upcoming vehicles, the statement said.
Alibaba’s data intelligence technologies will also be used by the carmaker to boost its capabilities in areas including product research and development, marketing and customer services.
