Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market
$TCEHY.US$ launched Friday an all-in-one cloud product for domestic and overseas automakers in China with features ranging from storing data in a way optimized for training autonomous driving systems to giving drivers access to Tencent’s social media and map apps.
BMW and some U.S. automakers are already working with the company, Liu Shuquan, vice president of Tencent Intelligent Mobility, said on Friday. He declined to specify which American carmakers it’s working with.
Liu said his company partners with nearly 40 auto brands, including $BMWYY.US$ , SAIC $SAIC.US$ and $NIO.US$ , and covering 120 vehicle models.
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noglyph : $TCEHY.US$ has investments in companies like $TSLA.US$, $SNAP.US$ and $ATVI.US$. Its success has led it to become one of the largest remaining players in terms of revenue. Tencent is likely going to continue to grow its services and remain with a powerful presence in the industry.