Changan sets up JV with Tencent

By Dave Leggett | 12 April 2018

Changan Automobile Company says it will partner with internet services firm Tencent to form a subsidiary to develop the 'internet of vehicles' (IoV).

The two signed an agreement for the joint venture Thursday at the ongoing 2018 China "Internet Plus" & Digital Economy Summit in Southwest China's Chongqing municipality.

A statement from Changan Automobile said the joint venture will develop an IoV platform and conduct big data analysis in facial recognition and driver drowsiness detection.

In 2016, Changan Automobile joined with search engine Baidu in cloud computing and artificial intelligence in traditional car making.

Tencent Holdings is best known for its social media platforms in China, but is also a provider of a range of online entertainment and information services as well as a payments platform.

Changan is an automobile manufacturer based in the Chinese city of Chongqing. It is listed on the Shenzhen Stock Exchange. International partners for Changan include PSA, Mazda, Suzuki and Ford.