Business / Industries

China to invest $30b in intelligent transportation industry

(Xinhua) Updated: 2015-10-08 09:32

PARIS - Wu Zhongze, Chairman of China Intelligent Transportation Systems Association (ITS China), revealed in an exclusive interview with Xinhua during the 22nd ITS World Congress in France that China's investment in intelligent transportation industry is estimated to amount to about $30 billion by 2020.

Wu said that intelligent transport has developed rapidly in China these years. For example, China has established the national motor vehicle and driver information management system today, and public transport IC card systems are connected in the Chinese Pearl River Delta and Jiangsu province. ETC system is adopted in 29 Chinese cities, with 7,000 ETC lanes and more than 13 million end users.

According to Wu, Internet-based travelling model and industry innovation have also seen a fast development in China.

Taxi apps are used in more than 300 cities in China, with more than 10 million service orders per day. Two national standards with China's independent property rights about "Cooperative ITS-DSRC" were released in 2014, Wu said.

In the future, China's ITS industry will build a platform for national electronic charging systems, promote information-sharing between buses, rails, civil aviation, etc, and build a green transport system, Wu introduced.

The 22nd ITS World Congress is held in the south-western French city of Bordeaux from Oct 5 to 9, gathering 350 exhibiting companies and over 10,000 of international public and private sector leaders in ITS.

Hot Topics

Editor's Picks