On October 11, it was reported that a spokesperson for Deutsche Telekom said on Thursday that the company will sign an agreement with China Mobile (00941.HK) on Friday to establish a car networking platform in China.
According to the report, China Mobile and Deutsche Telekom will establish a joint venture company, through which the company will introduce Deutsche Telekom's machine-to-machine (M2M) communication technology into China, and China Mobile will be responsible for providing the network. German local media revealed that Deutsche Telekom's investment in this cooperation may reach tens of millions of dollars.
The report also said that various telecommunications and technology companies are looking for opportunities for M2M communication demand to break out. M2M communication can make cars, washing machines, medical equipment and other products perform more tasks more efficiently through the network, while cars are the frontier of the technology. market. Currently, manufacturers are working to add new features to their cars, such as streaming music, audio books, navigation facilities, and security enhancements.
According to a report released by telecommunications research firm Juniper, by 2018, the global market for in-vehicle computer systems will reach $20 billion, far exceeding the $8 billion in 2013.
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