Geely partners Tencent on smart car


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

In a statement, Geely said that the companies will jointly develop smart car cockpits to have more mobile and mobility service applications, and explore testing of autonomous driving.

The Geely-Tencent partnership is the third recent partnership by Hangzhou-based Geely with companies involved in the tech sector.

Notably, Tencent,which has investments in EV makers including Tesla and Nio, is also developing smart car technologies.

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.


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