Nowadays, there is no shortage of news about the partnerships between Chinese tech giants and traditional automakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion dollar auto industry, which in turn seeks an electric transition and smart upgrade as 5G matures.
The public car manufacturer SAIC Motor, a major player in China, without sleep
this week, a new branch of electric vehicles called Zhiji, in which Alibaba and an entity backed by the Shanghai government are minority shareholders. The merger comes as Chinese electric vehicle startups like Xpeng and Nio and its predecessor Tesla have seen their shares skyrocket in recent months.
Related Downloads:
Alibaba’s ties with SAIC date back to 2015, when jointly announced
an investment of 160 million dollars in cars connected to the Internet. The partners then formed a joint venture called Banma (or “ Zebra ”) and Alibaba has since developed a host of automated solutions for the Banma platform to enable everything from voice-activated navigation to voice-activated coffee ordering, which is of course tied to the wallet. Alipay electronics.
Alibaba is certainly not the sole supplier of SAIC, as it has also worked closely with companies such as Bmw
Yes Audi also over the years.
For SAIC’s new electric vehicle brand, Alibaba will continue to be its “technology solutions provider,” an Alibaba spokesperson told Heaven32.
The other tech giant making big strides in the auto industry is Huawei. This week, the maker of smartphones and telecommunications equipment Ad It would double its smart car unit in its consumer business group, which previously focused on phones. The expanded group will continue to be led by Richard Yu, considered the man who helped Huawei grow from a mobile industry outsider to a leading global player.
Huawei’s ambition in the automotive sector is “not to manufacture cars, but to focus on the development of ICT [information and communications technology] to help automakers produce cars, ”the firm said in the statement, responding to rumors that it wanted to invade the territory of traditional automakers.
Huawei’s phone business has suffered since US sanctions hampered its supply chain. This sold its Honor brand of budget phones