Wuxi – a national pilot area for development of the internet of vehicles (IoV) in East China's Jiangsu province – hosted a summit on the future of IoV development on Dec 4.

Over 400 government leaders, experts, representatives of related enterprises and financial institutions attended the summit to communicate with each other and promote high-quality development of the IoV industry in Wuxi.

The forum also invited various heavyweights in the industry to share their ideas and experiences on IoV development. Five sub-forums on the integrated development of the IoV, 5G and new infrastructure were held as well.

China has long been focused on the development of the IoV, which is seen as the key to relieving pressure on transportation systems, reducing energy consumption and minimizing carbon emissions.

The automobile industry is one of the important pillar industries in Jiangsu province. To date, Jiangsu has built two national-level intelligent networked vehicle test bases and established the first provincial standardization technical committee in China, according to Chi Yu, deputy director of the Jiangsu Provincial Department of Industry and Information Technology.

Chi added that Jiangsu has attracted over 300 IoV enterprises to help build an industrial ecosystem that encompasses technology, standards, products, applications, testing and services.