China Telecom Americas will be on hand at the Detroit Chinese Business Association’s 22nd Annual International Golf Open to discuss opportunities in China’s rapidly growing Connected and Autonomous Vehicles (CAV) market, forecasted to top 32 million vehicles by 2021, according to market research firm Statista.
DCBA and CTA to collaborate to facilitate investment between U.S. and Chinese auto manufacturers
Together the Detroit Chinese Business Association (DCBA) and China Telecom Americas (CTA) are focusing on collaboration efforts to help facilitate investment and commercial relationships between U.S. and Chinese auto manufacturers and technology solutions providers as CAV technology garners more worldwide attention.
As home to America’s auto industry, Michigan intends on staying at the forefront of innovation making the state an epicenter of CAV innovation. Last year, the Wolverine State was one of the first in the country to officially allow autonomous cars on public roads. Today its state government continues to show massive support for research, development and demonstration of CAVs, also widely perceived as the next generation of mobility. As an example, in Fall 2017, the University of Michigan will deploy driverless shuttles on campus – only one of many projects initiated to better understand CAV opportunities and challenges.
At this year’s DCBA event, Matthew Gibb, Oakland County Deputy Executive of Economic Development & Community Affairs, will deliver a special keynote presentation on how to build a business model for sustainable CAV development. Mr. Gibb speaks from his myriad experiences in global investment and has assisted many businesses in establishing market locations in Asia and the United States, fostering key partnerships in over 20 cities throughout China.
Over 80% of China’s tech savvy consumers are receptive to the idea of connected cars
Scott Croll, Midwest Regional Sales Director, China Telecom Americas will also share insights on how CAV and Internet of Things (Iot) applications are being integrated and deployed in China, the world’s fastest-growing automotive market. According to a PwC survey, over 80% of China’s tech savvy consumers are receptive to the idea of connected cars with advanced navigation, entertainment, safety features, including the idea of autonomous driving capability. CT will discuss the ways its large IT infrastructure network and IoT partnerships can help US businesses capitalize on this strong growth market and offer solutions that address connectivity issues.
With a combination of efforts, both auto manufacturers and technology solutions providers across the United States and China will collectively benefit from forging closer alliances that increase cross-border investment.
The Detroit Chinese Business Association’s 22nd Annual International Golf Open will be held on September 18, 2017 at the Indianwood Golf & Country Club in Lake Orion, Michigan and spots are still available interested golfers. Please visit DCBA’s tournament registration page for more details.
Vice President, Global Strategy