Caixin
Aug 19, 2024 07:28 PM
TECH

Cost, Funding Challenges Hinder China’s Plan for Connected Cars, Experts Say

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A driverless taxis is displayed at the World AI Conference in Shanghai in July. Photo: VCG
A driverless taxis is displayed at the World AI Conference in Shanghai in July. Photo: VCG

China needs to address the cost and funding obstacles to building out the infrastructure needed to support the large-scale deployment of connected cars, experts said at a recent industry forum.

The infrastructure at the center of the discussions is the cloud technology-powered systems that connect autonomous vehicles with surrounding devices as they move, enabling them to gather real-time data on road conditions and interact with roadside equipment such as traffic lights and laser radars.

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  • China needs to address cost and funding for cloud technology-powered systems to support connected cars.
  • Pilot programs like "vehicle-road-cloud integration" are underway in 20 cities, including Beijing.
  • Experts suggest borrowing to finance projects, charging users, selling traffic data, and note safety and liability concerns.
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What Happened When
July 2024:
The Ministry of Industry and Information Technology announced a list of 20 cities, including Beijing, Shanghai, and Guangzhou, that will participate in vehicle-road-cloud integration pilot programs.
August 17, 2024:
Zhang Yongwei spoke at the 4th Shenyang Intelligent Connected Vehicles Conference in Shenyang, proposing a differentiated approach to equipping smart roadside infrastructure based on traffic levels and suggesting borrowing funds to finance these projects.
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