The intelligent connected vehicle in the Chinese marketBased on CAICT data, connected car numbers are projected to steadily increase. By 2025, it is anticipated that the total number of connected vehicles will reach 259 million, representing approximately 75.6% of all vehicles on the road.With the rise of new energy vehicles, increased adoption of intelligent domain control, assisted driving, an increasing number of newly released passenger cars will come equipped with connectivity devices. This trend will significantly contribute to the growth of the embedded connectivity market. In 2022, China's fleet of connected passenger vehicles reached approximately 73 million. It is projected to reach 119 million by 2025, with a compound annual growth rate (CAGR) of 25.9%.