Amsterdam, Jan. 10, 2017 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is partnering with Banma Technologies Co., Ltd for the production of China's first Internet Car - the Roewe RX5. Banma is a new joint venture ...
Amsterdam, Jan. 10, 2017 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is partnering with Banma Technologies Co., Ltd for the production of China's first Internet Car - the Roewe RX5. Banma is a new joint venture between Alibaba Group and SAIC Motor Corporation Limited (SAIC Motor).
The RX5 leverages Gemalto's Machine Identification Module, MIM(TM) - 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 MIM is compliant with the GSMA standards and supports remote provisioning of any operator's profile.
The Chinese car market is currently 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. For 2016, the local connected car market is expected to generate a substantial revenue of US$7.7 million. With an estimated compound annual growth rate of 45%, this market is potentially worth up to US$33.9 million by 2020. Moreover, connected car penetration in China is projected to triple from 4.8% to 18.1% over the same period.
"The Roewe RX5, empowered by Alibaba's YunOS operating system, is the first mass produced internet car. It's a breakthrough embodying years of research and technological innovation," said Alex Shi, CEO of Banma. "It is a product that demands the most secure and reliable end-to-end connectivity."
"Connected cars mark the beginning of digital transformation across the automotive industry, paving the way for autonomous vehicles in the near future," said Suzanne Tong-Li, President, Greater China & Korea at Gemalto. "Our expertise and global experience, combined with tried-and-tested secure connectivity solutions, put us in a sweet spot to help car manufacturers create smarter and more connected vehicles".
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2015 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.
Our 14,000+ employees operate out of 118 offices, 45 personalization and data centers, and 27 research and software development centers located in 49 countries.
Gemalto media contacts:
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+1 512 257 3869
| Peggy Edoire|
Europe & CIS
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire
Source(s) : Gemalto
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