Starting in 2014, Internet giants like LeEco, Alibaba, Tencent, Google, and Baidu announced to set foot in the field of intelligent connected cars successively. Moreover, the emerging internet firms that venture into car manufacturing such as ZHICHEAUTO, Xiaopeng Motors, NextEV, and WM Motor were successively established, which obviously paces up the development of Internet giants' car manufacturing. In 2016, various news about Internet giants' car manufacturing aroused public concern. First, senior executives of traditional automakers left for internet companies that venture into car manufacturing, and then LeSEE was released and NextEV and JAC signed OEM agreements.
So far, however, the car manufacturing of most internet companies has been still in planning and conceptual phase, but only a few have made substantial progress, which is reflected in the following:
In terms of product, most players have launched concept cars. In July 2016, Alibaba and BAIC jointly rolled out Roewe RX5, a connected car model that can be mass produced, with the order volume of 25,000 units in the first month after the release.
As for the footprint of auto plants, some Internet giants that venture into car manufacturing has started construction of their independent manufacturing factories, such as LeSEE’s Zhejiang Base, Chehejia’sChangwu Base in Changzhou, WM Motor’s Wenzhou Base, and LingyunIntelligent’s Hefei Base; others have confirmed their OEM plants, including NextEV (with JAC), Xiaopeng Motors, and ZHICHEAUTO.
With regard to financing, most Internet giants that venture into car manufacturing have achieved A-round of financing, such as LeSEE (USD1.08 billion), WM Motor (USD1 billion), and Chehejia (USD780 million); only a few companies are conducting B round of financing.
In terms of automotive manufacturing qualification, only a small number of Internet firms have gained qualification for the production of new energy vehicles through M&A or cooperation, these companies including Dearcc (cooperation withSoueast Motor) and Harmony Futeng (through the holding of Zhejiang Green Field Motor). As yet, there has been no individual Internet company that has obtained the qualification for manufacturing new energy vehicles.
In the short run, restricted by basic manufacturing of automobiles and layout of production line, the development of Internet giants that venture into car manufacturing is pessimistic, and they still need to put fund into the development of telematics products, ADAS, and other Internet technological products.
But in the long run, according to the strategic planning for Internet giants' car manufacturing, Internet giants that venture into car manufacturing happen to share the development direction with traditional car makers. Development of electricity–driven, intelligent, and internet-connected auto products helps make it possible to mutually fuse Internet companies’ hardware-oriented development with internet-connection of traditional auto makers, at length leading to a gradual fusion development. This mainly comes out of the following factors: (1) favorable polices on Internet Plus and new energy vehicles; (2) the increase in demand for personalized and customized automobiles; (3) With Internet technical superiority, Internet giants that venture into car manufacturing could easily make layout in Internet-connected vehicles in advance.
The report mainly includes three sections:
(1)Industry policies, development history, development path, financing, and development trend, etc. of China’s Internet giants' car manufacturing industry;
(2)Current situation, enterprise presence, and development trend, etc. of intelligent, electricity-driven, and Internet-connected automobiles in China
(3)Core talents, financing, plants, strategic planning, and development layout, etc. of 13 Chinese Internet giants that venture into car manufacturing
Development History of Major Internet Giants That Venture into Car Manufacturing in China
In-vehicle Payment and ETC Market Research Report, 2024
Research on in-vehicle payment and ETC: analysis on three major application scenarios of in-vehicle payment
In-vehicle payment refers to users selecting and purchasing goods or services in the car an...
Automotive Audio System Industry Report, 2024
Automotive audio systems in 2024: intensified stacking, and involution on number of hardware and software tuning
Sales of vehicle models equipped with more than 8 speakers have made stea...
China Passenger Car Highway & Urban NOA (Navigate on Autopilot) Research Report, 2024
NOA industry research: seven trends in the development of passenger car NOA
In recent years, the development path of autonomous driving technology has gradually become clear, and the industry is acce...
Automotive Cloud Service Platform Industry Report, 2024
Automotive cloud services: AI foundation model and NOA expand cloud demand, deep integration of cloud platform tool chainIn 2024, as the penetration rate of intelligent connected vehicles continues to...
OEMs’ Passenger Car Model Planning Research Report, 2024-2025
Model Planning Research in 2025: SUVs dominate the new lineup, and hybrid technology becomes the new focus of OEMs
OEMs’ Passenger Car Model Planning Research Report, 2024-2025 focuses on the medium ...
Passenger Car Intelligent Chassis Controller and Chassis Domain Controller Research Report, 2024
Chassis controller research: More advanced chassis functions are available in cars, dozens of financing cases occur in one year, and chassis intelligence has a bright future. The report combs th...
New Energy Vehicle Thermal Management System Market Research Report, 2024
xEV thermal management research: develop towards multi-port valve + heat pump + liquid cooling integrated thermal management systems.
The thermal management system of new energy vehicles evolves fro...
New Energy Vehicle Electric Drive and Power Domain industry Report, 2024
OEMs lead the integrated development of "3 + 3 + X platform", and the self-production rate continues to increase
The electric drive system is developing around technical directions of high integratio...
Global and China Automotive Smart Glass Research Report, 2024
Research on automotive smart glass: How does glass intelligence evolve
ResearchInChina has released the Automotive Smart Glass Research Report 2024. The report details the latest advances in di...
Passenger Car Brake-by-Wire and AEB Market Research Report, 2024
1. EHB penetration rate exceeded 40% in 2024H1 and is expected to overshoot 50% within the yearIn 2024H1, the installations of electro-hydraulic brake (EHB) approached 4 million units, a year-on-year ...
Autonomous Driving Data Closed Loop Research Report, 2024
Data closed loop research: as intelligent driving evolves from data-driven to cognition-driven, what changes are needed for data loop?
As software 2.0 and end-to-end technology are introduced into a...
Research Report on Intelligent Vehicle E/E Architectures (EEA) and Their Impact on Supply Chain in 2024
E/E Architecture (EEA) research: Advanced EEAs have become a cost-reducing tool and brought about deep reconstruction of the supply chain
The central/quasi-central + zonal architecture has become a w...
Automotive Digital Power Supply and Chip Industry Report, 2024
Research on automotive digital power supply: looking at the digital evolution of automotive power supply from the power supply side, power distribution side, and power consumption side
This report fo...
Automotive Software Business Models and Suppliers’ Layout Research Report, 2024
Software business model research: from "custom development" to "IP/platformization", software enters the cost reduction cycle
According to the vehicle software system architecture, this report classi...
Passenger Car Intelligent Steering Industry Research Report, 2024
Intelligent Steering Research: Steer-by-wire is expected to land on independent brand models in 2025
The Passenger Car Intelligent Steering Industry Research Report, 2024 released by ResearchInChina ...
China Passenger Car Mobile Phone Wireless Charging Research Report, 2024
China Passenger Car Mobile Phone Wireless Charging Research Report, 2024 highlights the following:Passenger car wireless charging (principle, standards, and Qi2.0 protocol);Passenger car mobile phone ...
Automotive Smart Exteriors Research Report, 2024
Research on automotive smart exteriors: in the trend towards electrification and intelligence, which exteriors will be replaced by intelligence
The Automotive Smart Exteriors Research Report, 2024 r...
Automotive Fragrance and Air Conditioning System Research Report, 2024
Research on automotive fragrance/air purification: With surging installations, automotive olfactory interaction is being linked with more scenarios.
As users require higher quality of personalized, i...