Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

China aims to enable half of all new cars with AI by 2020

Published 01/05/2018, 05:09 AM
Updated 01/05/2018, 05:10 AM
© Reuters. Cars line up at a LNG filling station in Baoding

SHANGHAI (Reuters) - China aims to implement artificial intelligence technology in at least half of all its new cars by 2020 and cover 90 percent of its big cities and highways with a wireless network that can support smart vehicles, its top state planner said on Friday.

These goals are part of a draft for a national smart car strategy that the National Development and Reform Commission (NDRC) wants to seek public feedback for, it said in a statement.

China is aiming to become a world leader in artificial intelligence by 2025, with an aim to grow its core AI industries to over 150 billion yuan ($22.15 billion) by 2020. Smart cars are a key part of the project.

The NDRC said it wanted to build a national team with officials from the State Council to guide smart car innovation and planned to encourage the launch of preferential policies for related businesses which could include tax cuts.

The NDRC also said it hoped that China would gain a global reputation for quality smart cars by 2035.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.