Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Motoring

    China's used-car market to surpass 2 trillion yuan by 2025

    By Zheng Yiran | chinadaily.com.cn | Updated: 2019-05-10 15:56
    Share
    Share - WeChat
    Pedestrians walk past a Maodu billboard in Chongqing. [Photo provided to chinadaily.com.cn]

    China's used-car market will surpass 2 trillion yuan ($294 billion) in value by 2025, according to an industry expert, who also said the market's future prospects are promising.

    Mark Yang, CEO of Chehaoduo Group and founder of Guazi and Maodou, said that artificial intelligence can bring a revolution of increased efficiency to the automobile industry, making his remarks at the SoftBank Corp 2018 shareholders' meeting.

    Pointing to used-car platform Guazi, he said that big data and AI is being applied to each link of the used car market, in order to standardize the assessment and pricing of used cars and to develop an intelligent car managing system driven by algorithms, which all contribute to an increased efficiency of four-to-five times in assessment and selling, he said.

    "Guazi is the only enterprise in the world to efficiently apply AI technology to the used-car industry," said Masayoshi Son, CEO of SoftBank.

    Yang also said Guazi has begun the research and development of a series of intelligent hardware products, including intelligent glasses, a chassis detection robot, diffuse reflectance spectrum detector, visual guidance robot, and intelligent endoscope for increasing used-car assessment and pricing accuracy.

    Chehaoduo on Feb 28 announced a new $1.5 billion round of financing from SoftBank Vision Fund.

    SoftBank Vision has said that it values how the group takes advantage of big data and AI technology to rebuild an ecosystem within in the industry, and how the company stimulates the growth of China's leading automobile industry.

    Having begun as a used-car business and through its three-year development, Chehaoduo now offers a series of services including car financing, insurance, maintenance and rental.

    At present it owns over 600 physical stores in China, and subsidiaries Guazi and Maodou have become the significant players in financing for both new and used cars.

    Yang has previously said that the group will continue to innovate using big data and AI, which can be applied to every link of the car-consumption industrial chain.

    The group will meanwhile open up various businesses in the industry, reconstruct the infrastructure and service chain of the entire automobile industry, and promote the continuous improvement of its industrial service efficiency and user experience.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    无码专区天天躁天天躁在线| 最近中文字幕电影大全免费版| 亚洲日本中文字幕| 国产精品VA在线观看无码不卡| 欧美日韩中文国产va另类| 久久精品中文字幕大胸| 人妻无码中文久久久久专区| 日韩精品无码一区二区视频| 无码内射中文字幕岛国片| 久久无码一区二区三区少妇| 日日麻批免费40分钟无码| 狠狠精品久久久无码中文字幕 | 亚洲精品无码乱码成人 | 一本精品中文字幕在线| 中文精品无码中文字幕无码专区| 91无码人妻精品一区二区三区L| 亚洲AV无码专区在线播放中文| 中文字幕av高清有码| (愛妃視頻)国产无码中文字幕| 国产 欧美 亚洲 中文字幕| 亚洲 无码 在线 专区| 无码AⅤ精品一区二区三区| 国产精品无码素人福利不卡| 91久久九九无码成人网站| 丰满白嫩人妻中出无码| 国产乱人无码伦av在线a| 精品久久无码中文字幕| 人妻少妇偷人精品无码| 亚洲精品无码不卡| 久99久无码精品视频免费播放| 国产强伦姧在线观看无码| 久久精品无码专区免费| 无码AⅤ精品一区二区三区| 亚洲av无码专区在线观看下载| 中文无码精品一区二区三区| 日韩亚洲国产中文字幕欧美| 久别的草原在线影院电影观看中文| 一本一道AV无码中文字幕| 亚洲欧美中文字幕| 一二三四在线播放免费观看中文版视频| 中文字幕精品一区二区三区视频|