10/16/2014

Deutsche Telekom, China Mobile Plan Connected-Car Network for China

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Next year Deutsche Telekom and China Mobile plan to form a joint venture to create a 4G wireless platform that will enable vehicles to access the Internet and communicate with each other.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Next year Deutsche Telekom and China Mobile plan to form a joint venture to create a 4G wireless platform that will enable vehicles to access the Internet and communicate with each other.

The partnership will combine the German company's software and Chinese company's infrastructure to capture a piece of China's emerging connected-car market. An estimated 68 million connected vehicles will be on the road in China by 2018, according to The Financial Times.

Booz & Co. has estimated that connected vehicles will account for 90% of new-car sales by the end of the decade compared with 10% today. Consultants EY calculate the connected-car market will generate annual revenue of $25 billion by 2025.