Straddling Mandatory Standardisation and Voluntary ESG Practices: A Sustainable Innovation Path for Vehicle Intelligence

This study examines the application of onboard Internet of Things (IoT) technology in the intelligent automotive industry, particularly the integration of Environmental, Social, and Governance (ESG) principles with onboard IoT technology and the importance of mandatory standardization. The research initially analyzes the current development of onboard IoT technology and its applications in the smart automotive sector, highlighting its potential to enhance road safety, increase energy efficiency, and improve user experience. Subsequently, the paper discusses the necessity of incorporating ESG principles into the standardization process of onboard IoT technology, emphasizing the significance of this integration in promoting sustainable development in the industry. Additionally, the article explores the role of mandatory standardization in advancing the development of onboard IoT technology, including ensuring the technology's interoperability and safety, as well as its positive impact on accelerating technological innovation and market acceptance. Finally, by proposing a value assessment model for the standardization of onboard IoT technology that considers ESG factors, the paper offers businesses a new perspective that supplements traditional absolute value assessment methods. This model is capable of evaluating not only the financial value of the technology but also its contributions to ESG aspects.