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MarketScreener Homepage  >  Equities  >  Tokyo  >  Honda Motor Co Ltd    7267   JP3854600008

HONDA MOTOR CO LTD

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Alibaba's smart speaker to feature in Audi, Renault, Honda cars

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06/11/2019 | 02:46am EDT
Staff member sits next to smart speaker Tmall Genie during a demonstration to the media inside a room of Alibaba Group's futuristic FlyZoo hotel in Hangzhou

SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co Ltd, as the tech giant expands in artificial intelligence.

The Tmall Genie Auto smart speaker will allow drivers to use voice commands to, for instance, place orders on Alibaba's online retail platform and buy movie tickets, Alibaba said at the CES Asia 2019 technology trade show in Shanghai.

In the near future, the speaker will also allow drivers to monitor and control smart devices at houses equipped with a Tmall Genie-compatible device, Alibaba said in a joint statement with the three automakers, without specifying vehicle models.

"We are thrilled to partner with global, distinguished auto brands such as Audi, Renault and Honda," said Miffy Chen, general manager at Alibaba AI Labs. "Together, we can greatly enhance our in-car services and make driving experiences more intelligent and interconnected."

The Tmall Genie is akin to Amazon.com Inc's Echo. Alibaba launched the device in 2017 and released an auto version in April last year. Other automakers that have said they will install the device in their vehicles include BMW and Volvo Cars.

Amazon also has a vehicle version of its Echo, dubbed the Echo Auto, which it announced in September.

(Reporting by Brenda Goh and Josh Horwitz; Editing by Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING 1.87% 177.86 Delayed Quote.27.38%
AMAZON.COM 1.46% 1819.3462 Delayed Quote.19.35%
AUDI AG 0.00% 794 Delayed Quote.1.53%
BAYERISCHE MOTOREN WERKE AG 0.00%End-of-day quote.0.00%
BAYERISCHE MOTOREN WERKE AG (PREFERENCE) 1.78% 49.18 Delayed Quote.-22.19%
HONDA MOTOR CO LTD 0.55% 2472 End-of-day quote.-11.71%
RENAULT 1.76% 49.195 Real-time Quote.-11.37%
VOLKSWAGEN AG 1.76% 142.32 Delayed Quote.0.68%
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Financials (JPY)
Sales 2020 15 587 B
EBIT 2020 772 B
Net income 2020 672 B
Debt 2020 4 453 B
Yield 2020 4,72%
P/E ratio 2020 6,50x
P/E ratio 2021 6,03x
EV / Sales2020 0,56x
EV / Sales2021 0,55x
Capitalization 4 351 B
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Number of Analysts 22
Average target price 3 410,00  JPY
Last Close Price 2 472,00  JPY
Spread / Highest target 69,9%
Spread / Average Target 37,9%
Spread / Lowest Target 9,22%
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NameTitle
Takahiro Hachigo President, CEO & Representative Director
Seiji Kuraishi COO, Representative Director, VP & Head-Strategy
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yoshiyuki Matsumoto Senior Managing Director, Head-R&D
Toshiaki Mikoshiba Senior MD, GM-North America & Head-Sales
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