Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market

Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market


BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company.

Tencent

BEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive electric vehicle market.

BMW and some U.S. automakers are already working with Tencent, Liu Shuquan, vice president of Tencent Intelligent Mobility, which is part of Tencent’s cloud business. Speaking to CNBC on Friday, he declined to specify which American carmakers it’s working with.

In a move aimed at helping boost its international strategy, Liu’s team launched a new cloud computing product for automakers called the “Tencent Intelligent Automobile Cloud” on Friday.

The all-in-one cloud product — also available for domestic automakers — can cover all technological aspects of an electric car, the company claimed. Those features range from storing data in a way optimized for training autonomous driving systems, to giving drivers access to Tencent’s social media and map apps.

The user interface may be a selling point for China’s drivers considering how Tencent dominates an array of the top online entertainment apps in China.

The company has played the role of Facebook in China with its ubiquitous WeChat messaging, payments and social media app — something tech rivals Baidu and Alibaba have yet to come close to.

In entertainment, Tencent has other apps as well: QQ Music, one of the two main Spotify-like apps in China; Tencent Video, which offers on-demand streaming content including reality shows and animated series; as well as popular mobile games like Honor of Kings.

Tencent Maps is the third most-popular navigation app in Apple’s App store in China — the top two belong to its key rivals Alibaba and Baidu.

All cars letting passengers or drivers access Tencent apps from the vehicle’s platforms need to have an agreement with Tencent, Liu said.

Those app-level partnerships started in 2018, around the same time Tencent Cloud began working with automakers for autonomous driving services, the company said.

Adding more self-driving tech

Players in China’s auto industry are increasingly betting that local drivers will want more autonomous driving features, which are essentially assisted-driving functions due to regulation of current technology.

Already in the first quarter, 23% of new cars sold in China came with a limited level of assisted driving, referred to as “Level 2” in a classification system for autonomous driving, according to Tencent.

With the new cloud computing product announced last week, Liu said overseas car companies could develop vehicles with navigation and assisted-driving features customized for China’s roads and terrain.

“The data is owned by [the] OEM, the consumer,” Liu said, referring to original equipment manufacturers which provide components and parts for another company’s product.

“We just provide cloud service to store that data. The second thing is we provide a whole ecosystem. That ecosystem not only include[s] our own service and content but also our partners’.”

Liu said his company already partners with nearly 40 auto brands, including BMW, SAIC and Nio, covering 120 vehicle models. He also noted partnership talks with German and Japanese companies.

BMW did not immediately respond to a CNBC request for comment. SAIC and Nio representatives spoke at Friday’s launch event for the “Tencent Intelligent Automobile Cloud” product.

Read more about electric vehicles from CNBC Pro



Source

Hims & Hers stock falls 10% on revenue miss
World

Hims & Hers stock falls 10% on revenue miss

The Hers app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025.  Gabby Jones | Bloomberg | Getty Images Shares of Hims & Hers Health fell 9% in extended trading on Monday after the telehealth company reported second-quarter results that missed Wall Street’s expectations for revenue. Here’s how the company did […]

Read More
Figma’s stock sinks more than 20% after last week’s IPO pop
World

Figma’s stock sinks more than 20% after last week’s IPO pop

Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above […]

Read More
OpenAI’s ChatGPT to hit 700 million weekly users, up 4x from last year
World

OpenAI’s ChatGPT to hit 700 million weekly users, up 4x from last year

Jaque Silva | Nurphoto | Getty Images OpenAI is set to hit 700 million weekly active users for ChatGPT this week, up from 500 million in March, marking a more than fourfold year-over-year surge in growth, the company said Monday. The figure spans all ChatGPT artificial intelligence products — free, Plus Pro, Enterprise, Team, and […]

Read More