5G connected car sales in China will grow to 7.1 million units in 2025, accounting for 40% of the country’s total connected car sales volume, according to the latest research by Counterpoint.
Currently, 4G dominates China’s connected car market. The sales volume of 4G connected cars are expected to reach 7.8 million units in 2020 to account for 95% of the country’s total connected car sales volume.
With 5G seeing a fast rollout in China and the automotive industry expected to grow faster starting 2021, the share of 5G connected car sales will show rapid growth.
Government incentives such as a plan to issue US$535.6 billion (RMB 3.7 trillion) special-purpose bonds in 2020 to promote strategic sectors like 5G, Made in China 2025 will also drive 5G adoption by China’s automotive industry.
The three state-owned telecom operators in China – China Mobile, China Unicom, and China Telecom – are expected to invest around $184 billion in 5G networks by 2025.
China’s connected car ...
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