Shenzhen has released a slew of measures to further support the Internet of Vehicles industry by funding research and development (R&D), encouraging platform construction, improving infrastructure and optimizing supporting facilities.

Innovators who carry out city-level scenario simulation, industrial public services, key technology research and R&D of major facilities will be funded up to 5 million yuan (US$698,860), 10 million yuan, 15 million yuan and 200 million yuan, respectively.