Tencent

Tencent will provide support for the large-scale data storage, computing and model training needed to take Nio's autonomous driving technology from development to operation.

Mercedes-Benz and Tencent will establish a joint lab to speed up the German luxury carmaker's development of self-driving technology in China.

Tencent will provide the auto industry with a low-threshold, customized platform and tools to make the cloud the new productivity of smart cars, one executive said.

Rox Motor received $100 million in financing in late 2021, with Tencent's investment amounting to more than $50 million, according to local media.

Tencent has disclosed a patent involving vehicle communication that is expected to facilitate contact between unfamiliar car owners.

BAT is the acronym for the most familiar combination of technology giants in China, where B is Baidu, A is Alibaba and T is Tencent. Baidu has already entered the car industry, while Alibaba is working with SAIC to build IM Motors, and people wonder, what about Tencent?

Evergrande Auto will hold a 60% stake in the joint venture and Phoenix Auto Intelligence, a subsidiary of Tencent, will hold a 40% stake.

Tencent on March 2 disclosed a patent titled "a self-driving control method and device" that enables a controlled self-driving vehicle to find an opportunity to safely change lanes and perform the lane change.

After Baidu announced it would form a new energy vehicle company, Chinese social media giant Tencent is also getting involved in the field.

Tencent recently added several new patents, one of which involves smart driving technology, meaning the Chinese social giant is also taking aim at this hot new industry.