China's Geely teams up with Tencent on smart car tech

Employees wearing protective masks assemble Lynk & Co. 05 crossover sport utility vehicles (SUV) on the production line at the Geely Automobile Holdings Ltd. plant in Ningbo, Zhejiang Province, China, on Tuesday, April 28, 2020. Photographer: Qilai Shen/Bloomberg

BEIJING/SHANGHAI: China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.

In the latest such partnership in the fast-evolving sector, the companies will jointly develop smart car cockpits to have more mobile and mobility service applications, and explore testing of autonomous driving, Geely said in a statement.