AMSTERDAM, Jan 10, 2017 – (ACN Newswire) – Gemalto (Euronext
NL0000400653 GTO), the world leader in digital security, is partnering with
Banma Technologies Co., Ltd for the production of China’s first Internet Car –
the Roewe RX5. Banma is a new joint venture between Alibaba Group and SAIC
Motor Corporation Limited (SAIC Motor). The RX5 leverages Gemalto’s Machine
Identification Module, MIM(TM) – securing cellular M2M connections for
industrial applications – and features advanced telematics such as Bluetooth
virtual car key, locationing of the vehicle, voice-command-enabled remote
control of in-car functions, and real-time road condition alerts, etc. The MIM
is compliant with the GSMA standards and supports remote provisioning of any
operator’s profile.

The Chinese car market is currently the largest and fastest-growing in the
world[1]. In 2015, foreign and domestic car makers sold a total of 21.1 million
passenger cars, up by 7.3% compared to 2014. For 2016, the local connected car
market is expected to generate a substantial revenue of US$7.7 million[2]. With
an estimated compound annual growth rate of 45%, this market is potentially
worth up to US$33.9 million by 2020. Moreover, connected car penetration in
China is projected to triple from 4.8% to 18.1% over the same period.

“The Roewe RX5, empowered by Alibaba’s YunOS operating system, is the
first mass produced internet car. It’s a breakthrough embodying years of
research and technological innovation,” said Alex Shi, CEO of Banma.
“It is a product that demands the most secure and reliable end-to-end
connectivity.”

“Connected cars mark the beginning of digital transformation across the
automotive industry, paving the way for autonomous vehicles in the near
future,” said Suzanne Tong-Li, President, Greater China & Korea at
Gemalto. “Our expertise and global experience, combined with tried-and-tested
secure connectivity solutions, put us in a sweet spot to help car manufacturers
create smarter and more connected vehicles”.

[1] Source: Forbes http://bit.ly/2ixWw5X
[2] Source: Statista https://www.statista.com/outlook/320/117/connected-car/china