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

Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens
World

Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens

Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters After a tough start to the year, Google closed out 2025 with its strongest performance — from Wall Street’s perspective — since 2009, when the […]

Read More
Gold, silver prices fall after CME raises precious metals margins — again
World

Gold, silver prices fall after CME raises precious metals margins — again

One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices lost ground on Wednesday as investors booked profits after a historic annual rally and exchange […]

Read More
Retail investors close out one of their best years ever. How they beat Wall Street at their own game
World

Retail investors close out one of their best years ever. How they beat Wall Street at their own game

A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images Retail investors have had a gangbuster year in 2025. Mom-and-pop investors bought the dip at key points this year, providing strong returns as the market climbed to all-time highs. Once thought of as unsophisticated and easily duped, […]

Read More