IAT Automotive Technology, located in the Beijing Economic-Technological Development Area (Beijing E-Town), recently announced it was establishing Beijing IAT Taiyi AI Technology, laying  new tracks in AI basic software development, application system development and platform construction.

This company, serving as the implementation platform for IAT's AI strategy, will continue to introduce industrial companies such as large-scale model companies, algorithm companies and complete vehicle enterprises as shareholders in the future, and will leverage capital to support the company's development.

Related industry agencies expect the Chinese automotive artificial intelligence market size to  increase from $358 million in 2020 to $3.802 billion in 2027. Amid this immensely promising emerging market, IAT is leveraging over 20 years of industry experience and data advantage to establish a presence in the sector.

IAT Taiyi AI Technology will focus on core technologies such as large-scale models of automotive product attributes, large-scale models of automotive design knowledge, intelligent CAD generation models, shape generation models, performance reverse analysis models and intelligent CAE simulation models in the automotive sector.

"Establishing the AI company is a crucial strategic move for us in the era of intelligence," an IAT representative said. "We will leverage our accumulated expertise in automotive design and combine it with cutting-edge AI technologies to provide the industry with more innovative solutions, continuing to build foundational infrastructure, such as computing power, and on top of developing the seven core models and creating hundreds of industry-specific algorithm toolkits or intelligent agents to empower the global automotive design and even industrial design sectors."