China’s Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7 percent of Daimler, has signed an agreement with Tencent Holdings to develop smart vehicle cockpit and autonomous driving.
Geely and Tencent will develop smart car cockpits to have mobile and mobility service applications, and explore testing of autonomous driving, Geely said in a statement.
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.
Geely said this month it would launch a smart electric vehicle (EV) company with Baidu. Geely is also forming a separate venture with Foxconn to provide contract manufacturing for automakers.