Industry observations behind the name change of CITIC Technology Intelligence

In recent years, my country's Internet of Vehicles industry has developed rapidly, and the scale of the industry has continued to expand. According to statistics, my country's vehicle-road collaboration market will reach 4.3 billion yuan in 2021, a year-on-year increase of 13%. Against this background, the number of registered companies related to the Internet of Vehicles has also increased significantly, reaching 19,317, a year-on-year increase of 68%. Among them, Datang Gaohong Zhilian, Tencent, Baidu, Huawei and other companies under China Information Technology have achieved a leading position in the field of Internet of Vehicles by virtue of their technological advantages and accumulated experience. In October 2022, Datang Gaohong Zhilian officially changed its name to CITIC Zhilian and became a secondary subsidiary of CITIC.