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

Geely also said this month that it would launch a smart electric vehicle (EV) company with Baidu.
By : Reuters
| Updated on: 19 Jan 2021, 15:11 PM
File photo - A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province. (REUTERS)
File photo - A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province. (REUTERS)
File photo - A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province. (REUTERS)
File photo - A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province.

China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.

In the latest such partnership in the fast-evolving sector, the companies will jointly develop smart car cockpits to have more mobile and mobility service applications, and explore testing of autonomous driving, Geely said in a statement.

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The deal with Tencent, which has investments in EV makers including Tesla and Nio, is developing smart car technologies, is the third recent partnership by Hangzhou-based Geely with companies involved in the tech sector.

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Geely said this month it would launch a smart electric vehicle (EV) company with Baidu Inc and later that it would form a separate venture with Foxconn to provide contract manufacturing for automakers.

First Published Date: 19 Jan 2021, 15:10 PM IST
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