Geely and Tencent signal cooperation arrangement | Automotive Industry News

Geely Auto Team and Tencent have signed an settlement to carry out strategic cooperation in the fields of digitalization, intelligent cockpits, autonomous drive, and minimal carbon improvement.

The agreement between Geely and Tencent is an additional milestone in automotive and IT cross-field cooperation. The two parties will function together to absolutely digitalize all elements of an automotive solution lifecycle from solution enhancement, manufacturing, promoting, vehicle utilization, to following-gross sales support making use of joint systems. The two events will also do the job to produce the upcoming-technology clever auto cockpits, integrating the two Geely and Tencent ecosystems, opening up new mobile and mobility company applications, and improving upon consumer encounter. In the industry of autonomous travel, the two get-togethers will explore simulated tests and validation of autonomous drive techniques. By means of this partnership, Geely and Tencent will also encourage very low carbon growth of the automotive industry and carbon neutrality as an marketplace target.

An Conghui, President of Geely Keeping Team, President and CEO of Geely Automobile Group said: “The worldwide automotive industry is facing profound adjustments and new technologies are restructuring the industrial ecology. On the lookout forward to the potential, we have to be open up to cooperation, joint improvement, and new improvements. With a cooperative connection spanning three years, Geely and Tencent is now deepening their partnership and functioning to digitalize the entire automotive value chain. At the same time, we hope to fulfil our duty to culture by jointly endorsing sustainable minimal carbon growth in the course of the automotive field.”

Tang Daosheng, Senior Executive Vice President of Tencent and President of Tencent Cloud and Smart Market Group said: “Tencent and Geely have cooperated with each and every other considering that 2018 and have obtained substantially alongside one another. Currently, the digitalization of the mobility sector has reached a new stage and the time for Geely to digitally change all aspects of their automotive product lifecycle is on us. As Geely’s strategic electronic associate, Tencent hopes to help the Geely Auto Team further more its electronic transformation and promote even further sustainable enhancement of the automotive business.”

In 2018, Geely and Tencent cooperated for the 1st time to form a joint enterprise with China Railways establishing significant-velocity Wifi, higher-velocity railway mobility support purposes, and other electronic providers. In 2019, ECARX, a strategically invested enterprise less than Geely Holding Group, signed a cooperative settlement with Tencent Auto to get the job done jointly on intelligent connectivity services, joint person functions, AI, and cloud expert services. At this time, Tencent automotive programs have been successfully integrated into various Geely Automobile and Lynk & Co products.