Li Shufu: There is no essential distinction between internet companies and automakers in internet automobile manufacturing

Li Shufu, chairman of Zhejiang Geely Holding Group, speaks at a forum during the second World Internet Conference (WIC), in Wuzhen, East China's Zhejiang province, Dec 17, 2015. [Photo/IC]

Li Shufu, chairman of Zhejiang Geely Holding Group, said it is wrong to set automakers against internet companies, according to a report by zjol.com.cn.

Speaking at the sideline of third World Internet Conference, Li said: "There is no essential distinction between internet companies and automakers in internet automobile manufacturing, and internet technologies are being already used by car companies".

Li noted that from the traditional car to the internet-enabled car, a leapfrog development is unachievable and it must follow the law of development.

"Theoretically, the real internet car must be a highly electric car, which means without electricity the internet-enabled vehicle will not work, not to mention that it won't be highly intelligent," he said.