The conventional hardware-centric, sales-driven, asset-heavy and ownership-based business model is being superseded by more connected, on-demand, cost-effective, and personalized mobility services. This new form of “connected mobility” is driving new technologies in the areas of navigation, driver safety analytics and assistance, and information virtualization.
China’s automotive industry is at the forefront of the digital disruption as this transformation is happening much faster in China than in the rest of the world. The unique context of China’s urban transportation challenges, its high rate of mobile device connectivity, and the rapid and aggressive introduction of alternative mobility and ownership concepts are reducing the time needed to commercialize smart, connected car technology and related services. These conditions are setting China up to “leapfrog” ahead towards a new era of personalized and electrified mobility.