Wednesday 15 April 2015

China Mobile Switches Course By Connecting 4G In Rise Of Connected Cars

Chinese telecoms stepping into the foray of the “Internet of Vehicles” with 4G connections

China Mobile Inc.(CHL), along with other Chinese telecom operators, have announced their intention to step into the foray of the “Internet of Vehicles” by providing 4G services to an estimated more than 500000 IoV users this year.

Ren Dakai, Chief Director of Traffic Products at China Mobile, said that the company would debut its 4G service terminals next month, as they prepare for its huge market growth in the coming years. The potential customers wait impatiently after the news break to experience the new innovation first-hand.

The third largest Chinese telecom operator is not alone. Its small competitors, such as China Unicom, are also preparing for the launch of its own projects and services, but by collaborating with Tesla Motors.

The entrance into the “Internet of Vehicles” is just an extension of China Mobile having already entered into the “Internet of Things” in 2012, when it launched the driving terminal system. It has not been reconsidered since, and it is now offering services to General Motors’ range of cars from the Cadillac to the Buick vehicles.

After General Motors, which was actually a trial experiment to gauge the market reaction following the introduction of its services, China Mobile has now expanded to include other automobile manufacturers, such as Ford, Chevrolet, Kia, Toyota, and Honda, among the 20 car manufacturers.

If there is cue to be taken from the Chinese connected cars market, it is that it has raced ahead of other countries in providing services to a large market, which is a crucial aspect of China’s lead, but also how competitive it can become, despite the rising growth rate of the “connected cars”.

For Chinese and global telecom operators fighting for a market share, they will have to figure out the steps to maintain the share based on their abilities to innovate, let alone outdo one another. Cisco is already doing by taking several step ahead of its competitors in the field of smart cities, by taking it ahead and not waiting to be coerced into stepping in this foray by its competitors — and it seems to be making a good progress so far.

China Mobile’s stock price ended at $70.47, a decline of more than 1.43%, its largest fall since late 2007 following the global financial meltdown. There is apparently no trigger that has sent the stock price to a downfall from a lack of triggers or stock price quotes or any news.

No comments:

Post a Comment

Popular Posts