Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Tencent to develop technology for self-driving cars
Bloomberg | 2017/11/10

HONG KONG  -- Tencent Holdings has developed its own autonomous driving system, becoming the latest high-tech company to enter a crowded market that could evolve into a $42 billion (278 billion yuan) industry. 

Chinas social media giant intends to leverage its mapping and artificial intelligence technology to establish a niche in the fast-growing segment, sources said. 

Tencent will compete with global rivals such as Alphabet Inc.'s Waymo and local rivals such as Baidu Inc.

Jane Yip, a spokeswoman for Tencent, declined to comment. 

It's unclear how far the development effort has advanced, although Tencent has built and tested a prototype, the sources said. The company also has established a presence in several related fields.

Tencent, whose popular WeChat service emerged from an internal development project, would be China's biggest entrant into autonomous driving. 

In March, Tencent Chairman Ma Huateng said he wanted to develop AI technology for self-driving cars. At the time, Tencent bought 5 percent of Tesla Inc., which is developing self-driving vehicles. 

Tencent also is a major backer of ride-hailing giant Didi Chuxing and mapmaker NavInfo Co. But few expected the gaming and social media company to develop its own self-driving technology. 

That would pit Tencent squarely against Baidu Inc., which has invested billions of yuan in AI and intends to put autonomous vehicles on the road by 2018. 

Tencent, of Shenzhen, had previously invested in mapping, Internet connectivity and image recognition, which will help the company compete with Baidu. 

Tencent also has invested in Nio, the electric vehicle startup owned by Chinese Internet entrepreneur William Li and originally called NextEV Inc. 

Nio's U.S. headquarters are in San Jose, Calif., and the company has vowed to bring a plug-in autonomous car to the U.S. by 2020.

Related Stories
  • Visteon to help GAC design self-driving vehicles
  •     --Published:2018/23/1
  • BlackBerry, Baidu to design technology for self-driving cars
  •     --Published:2018/9/1
  • Why Baidu will beat Waymo in race to deploy self-driving cars
  •     --Published:2017/7/11
  • Baidu, Shouqi team up to develop technology for self-driving vehicles
  •     --Published:2017/31/10
  • Nvidia invests in Chinese self-driving vehicle startup
  •     --Published:2017/6/10
  • Autoliv to supply radar for Geely's self-driving cars
  •     --Published:2017/6/10
  • Baidu launches 9.8 billion yuan fund to develop self-driving cars
  •     --Published:2017/26/9
  • Tencent invests in German flying taxi
  •     --Published:2017/8/9
  • JAC taps Baidu to develop self-driving vehicles
  •     --Published:2017/5/9
  • Baidu taps Microsoft to design self-driving cars
  •     --Published:2017/21/7
  • Baidu leads China's self-driving charge in Silicon Valley
  •     --Published:2017/4/7
  • GAC partners with tech firm Huawei to develop connected cars
  •     --Published:2017/27/6
  • Continental, Baidu sign deal to develop self-driving car technology
  •     --Published:2017/2/6

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.