China's Geely teams up with Tencent on smart car tech

China’s Geely teams up with Tencent on smart car tech


Beijing/Shanghai: China’s Zhejiang Geely Holding Group, which owns Volvo Cars and holds a 9.7% stake in Daimler, said on Tuesday that it has signed an agreement with Tencent Holdings Co., Ltd. to develop smart cockpits and autonomous driving.

Geely said in a statement that in the latest such partnership in a rapidly growing field, the two companies will jointly develop a smart car cockpit to have more mobile and mobile service applications and explore autonomous driving. Test.

Tencent has invested in electric vehicle manufacturers such as Tesla and Neo, and is currently developing smart car technology. This is the third partnership between Hangzhou-based Geely and technology companies.

Geely said this month that it will establish a smart electric vehicle (EV) company with Baidu Inc., and then establish a joint venture with Foxconn to provide contract manufacturing for automakers.

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