Geely, Tencent join forces on smart car development

Tuesday, 19. January 2021 10:30

Zhejiang Geely Holding Group Co. Ltd. announced on Tuesday it has signed a deal with Tencent Holdings Ltd. on developing autonomous driving technology and smart vehicle cockpits.

Earlier this month, Geely reached separate agreements with Foxconn Technology Group and Baidu Inc. on joining forces in the same industrial field - manufacturing electric vehicles. The latest cooperation comes as the third major deal made by the Chinese automotive company.

Geely's shares doubled their price over the last six months, selling for 32.00 Hong Kong dollars at today's close.

Related Links: Tencent Holdings Ltd.Geely Automobile Holdings Limited
Baha Breaking the News (BBN) / ND