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People's Daily Online>>China Business

Auto telematics industry set to rev up revenues

By Zhu Shenshen and Xiong Zhimin   (Shanghai Daily)

18:51, December 08, 2011

REVENUES in the telematics industry is set to boom as cars become smarter and the speed of telecommunication networks improve, industry officials told a forum in Shanghai.

Parts of telematics technologies, which refers to electronic control, communications and navigation systems in vehicles, will also be used in high-speed railway networks in China, experts said.

The market revenue of Shanghai's telematics industry, one of the city's chosen "strategic industries," reached 220 billion yuan (US$34.37 billion) over the first three quarters of this year, a 20 percent increase year on year, according to Shao Zhiqing, deputy director of the Shanghai Municipal Commission of Economy and Information Technology.

"Shanghai will play a leading role in developing the telematics industry nationwide. The city has a high science research level and strong automotive industry, creating a favorable environment for the development of telematics," Shao said during the Telematics China 2011 forum.

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