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Daily Newsletter

16 November 2023

Daily Newsletter

16 November 2023

GWM to develop smart technology with Douyin

Douyin is known as a leading platform for short videos

Graeme Roberts November 16 2023

Chinese SUV maker Great Wall Motor (GWM) said it had entered into a new partnership with local social media company Douyin Group to help strengthen its intelligent connected vehicle strategy.

Douyin is known as a leading platform for short videos.

The pair plan to collaborate on development of smart cockpits for new vehicles focusing on nine key technology areas including smart driving, onboard functions, big data and cloud infrastructure.

GWM, based in Baoding, Hebei province, said the two also plan to build large scale models of next generation “intelligent” vehicle cabins which can solve problems with the help of smart digital assistants.

Smart, connect features have become a key battle ground for automakers competing in China, particularly in new energy vehicles (NEVs) which are rapidly gaining market share in the country.

Chinese automakers want to lead the world in offering high tech vehicles and are now exporting these to a growing number of markets where they are rapidly shedding their past image as manufacturers of substandard products.

GWM said in a statement: “We will work with Douyin to better understand customer demands and make the most of their user data in our products, to establish a car producing mode that is more aligned with the internet mindset."

Chairman Wei Jianjun added: “We hope the deal will help present better vehicle related experiences for users and promote the progress of China's automotive industry."

The company said global sales increased 10% to 995,353 vehicles in the first 10 months of 2023, including 247,046 units overseas.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking. Automated parking systems and automobile stacking technologies optimize land usage by requiring less space for the same number of parked vehicles.

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