Future mobility profits lie in the cloud

Chongqing's auto forum focused on challenges ahead and benefits of data trading, Hao Yan reports.

Carmakers' good days will soon be gone as their margins are narrowing while the ownership of data is predicted to become the future source of profits.

Global industry insiders foresee car users in the future not having to own a vehicle, since the younger generations, especially those from China, have a greater chance of using shared mobility services than owning a vehicle. One day, major new car demands will come from car-sharing companies and mobility service providers.