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Bloomberg
Tech-giant Tencent Holdings will partner with BMW to help develop self-driving vehicles in China.
The pair began collaborating on what they called BMW Group China High Performance D3 Platform, which is scheduled to begin operations by the end of the year. Tencent operates one of the largest cloud platforms in China, providing services from data storage to online computing.
The Chinese government has targeted large-scale adoption of early-stage autonomous vehicles to begin next year, and wants 10 percent of all new vehicles sold by 2030 to be autonomous. China’s market for smart and internet-connected vehicles will generate $15 billion in revenue by next year, the government forecasts.