Hozon Auto groups up with cybersecurity big | Automotive Trade Information – Auto Information by Automobilnews.eu

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Hozon Auto groups up with cybersecurity big | Automotive Trade Information

Chinese language cybersecurity agency Qihoo 360 will ink a partnership with electrical car (EV) startup Hozon Auto.

Qihoo 360 CEO and founder Hongyi Zhou introduced the plan to affix the elite membership of tech CEOs turned smart-carmakers at an organization assembly on Tuesday. Family names equivalent to Huawei, Xiaomi and Baidu have not too long ago revealed comparable plans to enter the automotive trade.

The Qihoo 360 announcement comes after Hozon Auto-owned EV model Nezha introduced in April that it deliberate to lift roughly 3 billion Chinese language yuan (about $467m) in a Sequence D financing spherical. The cybertech agency is main the increase and, in line with Chinese language media, is anticipated to change into Hozon Auto’s second largest shareholder at its shut.

The formal affirmation of a partnership between the 2 firms was met with ample media consideration in China, the place the urge for food for home-grown good autos has grown in recent times.

Some, nevertheless, have been left sceptical as Qihoo 360’s core enterprise is web safety, not autos. Zhou countered that, in his opinion, “not too many web firms are constructing automobiles, however too few,” including that “with out the assistance of the web, automotive producers would nonetheless comply with conventional methods of considering by changing gas tanks with batteries. Though this can be a change within the trade, it can’t be thought of a paradigm change.”

Zhou defined that Qihoo 360 goals to take over the software program growth side for the car’s design. “For a great good automotive, the {hardware} is the physique and the software program is the soul,” the CEO stated. “360 will use web expertise and the ideology of connectedness to remodel Nezha’s conventional automotive manufacturing mannequin right into a related automotive mannequin.”

Qihoo 360 will seemingly deliver its experience within the space of cybersecurity into the good automotive trade. Zhou stated, “[Smart] automobiles are anticipated to change into one of many largest gamers within the area of good expertise, and community safety – in addition to the cybersecurity of related autos – will inevitably change into an vital side of 360’s future technique.”

The concern of automotive hacking has change into a rising concern amongst related automotive house owners. Final month, cyber insurer HSB discovered {that a} third of good car house owners are frightened that their automobiles shall be hacked.

Qihoo 360 is the biggest supplier of web and cell safety merchandise in China. In accordance with GlobalData’s firms database, its product portfolio contains safety guards, cell guards, protected browsers, antivirus software program and cell assistants. It additionally offers leisure providers, mortgage navigation and credit score guards.

The corporate beforehand owned a analysis group devoted to vehicle safety, 360 Sky-Go Crew, which carried out cooperations with a number of mainstream auto manufacturers like Mercedes-Benz and BYD.

Qihoo 360 and Hozon Auto will even collectively arrange a analysis centre in Beijing to advertise the good automotive revolution.

Hozon Auto groups up with cybersecurity big | Automotive Trade Information – Auto Information by Automobilnews.eu


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