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Banma: smart car software startup

Once upon a time, a car was defined by its engine performance, or perhaps the design. But in the future, a vehicle will be more defined by its software – especially in China. “Software is increasingly defining the car,” summarizes an industry report by Business Wire. So-called over-the-air updates (OTAs) are a key element. This means that the car’s software is constantly being updated, just like a smartphone – something providers are more than happy to additionally charge for.

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