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China is leading the 'automobility' revolution

By Bill Russo and Chee-kiang Lim | China Daily | Updated: 2017-07-20 07:11

China's unique urban transportation challenges, high rate of adoption of mobile internet services, and rapid and aggressive introduction of alternative mobility solutions have combined to make the country a fertile ground for mobility innovation.

The automotive industry's business model is experiencing disruption. Mobility needs, previously satisfied through product "ownership", are increasingly being served through mobility services "usership" with profound implications not only for traditional businesses within the value chain, but also for new entrants - as they compete to deliver services.

Connected mobility, which we define as "technology-enabled on-demand mobility services for moving people and goods from point A to B", has become a disruptive, paradigm-changing development in the automotive industry. It requires a complete rethinking of the way to deliver value to the market. Traditional automakers must widen their focus from the product (the automobile) to the utility derived from the product ("automobility"), and create a business model and digital ecosystem optimized to provide digitally enabled solutions for both car owners and mobility services users.

China is leading the 'automobility' revolution

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