BEIJING(CHINA) – The latest partnership in the ‘Smart car tech’ sector is between China’s Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler and Tencent Holdings Ltd.
Both firms has signed an agreement to develop smart vehicle cockpit and autonomous driving. 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.
Tencent, which has investments in EV makers including Tesla and Nio, is developing smart car technologies. The is the third recent partnership by Hangzhou-based Geely with companies involved in the tech sector.
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.