By Mark Schaub Atticus Zhao King & Wood Mallesons’ Corporate group
On 27 February 2018, Shanghai Municipal Economic Information Commission (SMEIC), Shanghai Municipal Public Security Bureau (SMPSB) and Shanghai Municipal Transportation Commission (SMTC) jointly issued the Shanghai Regulations on Intelligent and Connected Vehicles Road Testing (Trial) (“Shanghai Regulations”)[1].
Continue Reading Shanghai Issues Regulations on Self-driving Cars Road Testing
By Mark Schaub and Saren Abgaryan
The move towards autonomous cars will herald a sea change that will reach far beyond the automotive sector alone.
What could be more exciting than a sector in which major car manufacturers such as Audi, Daimler, Toyota, BMW, Nissan, Volvo rub shoulders with new electric vehicle manufacturers such as Tesla and are also vying with established tech giants such as Google, Baidu, Apple, Samsung, Tencent and competing with new tech such as ride hailing companies such as Didi and Uber?
Continue Reading Blockchain: An Achilles Boot for Self-driving Cars?
By Mark Schaub and Atticus Zhao King&Wood Mallesons’ Corporate & Securities group
In our modern, interconnected world hacking is an ever present danger. Hackers can break into systems to steal information, bank details, bring down targeted websites, access government websites and a variety of other fiendish acts.
Imagine though, if instead of targeting desktop computers, websites or even mobile phones … that such hackers could target cars. We have tragically seen how cars can be used as weapons by terrorists.
Continue Reading Cybersecurity: Achilles’ Heel for Self-driving Cars?
By Mark Schaub, David Hong and Atticus Zhao King & Wood Mallesons’ Corporate & Securities group
The smartphone is ubiquitous in our daily lives.
For many people life without a smartphone is simply unthinkable.
There is probably no nation which loves smartphones more dearly than China – all 640 million of them. In China smartphones are used to pay bills, make bank transfers, buy a coffee, hail a taxi, organize a train ticket, order food delivery, hire a house cleaner, hire a chef, messaging, browse the internet and in some rare cases they are even used to call people.
Continue Reading The Newest Mobile Device: Self-driving Cars
By Mark Schaub, Atticus Zhao and Xia Shengying King & Wood Mallesons’ Corporate & Securities group
In a relatively short time autonomous vehicles have gone from a flight of fancy to a fully anticipated event. It is no longer seen as a futuristic concept but increasingly real as governments are passing regulations and in even clearer statement of intent by allocating funds in preparation for driverless cars. For many it is seen the next major manufacturing revolution which will likely transform the global automotive industry. The World Economic Forum estimates the digital transformation of the automotive industry will generate US$67 billion in value for the sector and US$3.1 trillion in societal benefit.[1]
Continue Reading China: Mapping the Future
By Mark Schaub and Atticus Zhao King & Wood Mallesons’ Corporate & Securities group
On 15 December 2017, Beijing Municipal Commission of Transport, Beijing Traffic Management Bureau and Beijing Municipal Commission of Economy and Information Technology jointly issued the Beijing Guidance on Accelerating Road Testing for Self-driving Vehicles (Trial) and Beijing Implementing Rules for Managing Road Testing for Self-driving Vehicles (Trial) (collectively “Regulations”)[1].
Continue Reading Beijing Regulations on Self-driving Cars Road Testing
By Mark Schaub, Atticus Zhao, Wenyu Shan King & Wood Mallesons’ Finance & Capital Markets group
The development of advanced automated vehicle safety technologies, including fully self-driving cars, will be the greatest change to personal transportation since the introduction of the personal automobile nearly a century ago.[1]
By Mark Schaub and Atticus Zhao King & Wood Mallesons’ Corporate & Securities group
The latest salvo took place on 13 June 2017 when the Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) jointly issued draft Guidelines for the Establishment of National Standards System of Telematics Industry (Intelligent & Connected Vehicles) (“Draft Guidelines”) for public comment. By Mark Schaub, Atticus Zhao, David Hong King & Wood Mallesons’ Corporate & Securities group
The move towards self-driving cars is relentless and China as the world’s largest auto market and a leader in internet technologies wants to be at the cutting edge of this revolution.
That self-driving cars is a huge potential market seems clear. On March 3, 2017, IHS Markit, the leading automobile market intelligence firm, published its latest Advanced Driver Assistance Systems (ADAS) Applications and Sensors Report[1]. This report noted that the global ADAS market is set to explode and surpass 302 million units annually in 2022 – which would be a nearly 200% increase over the 2016 numbers. This growth is mostly driven by advances in sensors technology that can be combined to provide better automated driving and includes aftermarket ADAS solutions for existing vehicles.
Continue Reading China: ADAS to Self-driving Cars – The Journey Starts
