According to the Beijing Youth Daily, the Wanxiang blockchain and Karma Motor held a strategic cooperation launching ceremony at the 2019 Guangzhou Auto Show held on November 22nd, and announced the first implementation plan for cooperation between the two parties. The Wanxiang Blockchain announced strategic cooperation with Karma Motors at the 5th Global Blockchain Summit in September this year. The Wanxiang blockchain indicates that this cooperation is a deep integration of blockchain technology and new energy vehicles. It is a concentrated expression of the new technology to enable the real economy. In the future, it will gradually promote the application of blockchain in multiple scenarios. Jointly explore the application of blockchain in the fields of intelligent manufacturing, supply chain management, used car, sharing economy, automobile insurance, etc., and innovate in the record of key business data, build ecological alliance cooperation, and innovative business models to improve customers' Experience and service. At present, both parties have planned to take the lead in implementing cooperation in the field of automobile blockchain ID and carbon emission reduction points.