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China: Partnerships, collaborations accelerate intelligent transformation in China's auto sector

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Storyline: Partnerships, collaborations accelerate intelligent transformation in China's auto sector [Voice_over] China's major auto makers are building up collaborations between themselves and tech companies as new energy vehicle communication and information systems advance rapidly. Once such effort is the Harmony Intelligent Mobility Alliance, led by Chinese tech giant Huawei. The space allows auto enterprises to share resources and reduce costs, which enhances their overall market competitiveness. [Sound_bite] Yu Chengdong, Executive Director, Huawei: "Harmony Intelligent Mobility Alliance has significantly enhanced the intelligence of automobile companies, achieving industry-leading standards in smart cockpits, smart driving, smart control and smart networking." [Voice_over] Chinese auto companies are also advancing partnerships with foreign firms. The state-owned SAIC Motor and Germany's Volkswagen, have just announced plans to continue their 40-year collaboration until 2040. [Sound_bite] Li Shaohua, Deputy Secretary General, China Association of Automobile Manufacturers: "The collaboration will change the vehicle product offerings, as various services such as autonomous driving, data services and location services will reshape the value curve of the auto industry. This will lead to the emergence of more business models and corporate entities, stimulating the vitality of the industry and promoting sustainable development." [Restrictions : No access Chinese mainland]

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