Gemalto has partnered with Banma Technologies for the production of China’s first Internet Car named as Roewe RX5. Banma
Technologies is a joint venture between ALIBABA GROUP and SAIC Motor.
The RX5 will be using Gemalto’s Machine Identification Module (MIM) — securing cellular M2M connections for industrial applications — and features advanced telematics such as Bluetooth virtual car key, locationing of the vehicle, voice-command-enabled remote control of in-car functions, and real-time road condition alerts, etc.
The Chinese car market is at present the largest and fastest-growing in the world. In 2015, foreign and domestic car makers sold a total of 21.1 million passenger cars, up by 7.3% compared to 2014.
According to some reports, the connected car market in China is likely to grow at a compound growth rate of 45% to reach around $33.9 million by 2020. Also, connected car penetration in China is projected to triple from 4.8% to 18.1% over the same period.