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Tencent will help Nio with autonomous driving technology development
Nio and Tencent signed a strategic partnership agreement, which will see Tencent taking responsibility for development of autonomous driving technology. Tencent is Nio’s largest institutional shareholder and this agreement can be seen as Tencent supporting its own investment - the company owns 9.8% of Nio, which is the second-largest share behind Nio’s founding team with its 9.9%.
Tencent will be tasked with large-scale data storage and processing, and it will provide its support when it comes to training data models. The company will offer support for development of autonomous driving cloud technology, smart driving maps and user experience innovation.
The agreement was signed yesterday between the two companies in Shenzhen which explains why the CEO of Nio was present at the opening of the latest Nio House in Dongguang - the Tencent’s headquarters are less than an hour’s drive away.
Tencent will use its expertise and expansive hardware to host and process all the data required for computing and training of the highly advanced and complicated autonomous driving models. The company will take the development all the way to the operational stage when it’s ready for deployment.
Tencent Cloud - a cloud storage dedicated arm of the Chinese tech giant - will help Nio to build a new hybrid infrastructure for smart car environment and at the same time Nio will benefit from having one of the most stable and reliable open platform services at its disposal and thus available to its customers.
www.arenaev.com
Nio and Tencent signed a strategic partnership agreement, which will see Tencent taking responsibility for development of autonomous driving technology. Tencent is Nio’s largest institutional shareholder and this agreement can be seen as Tencent supporting its own investment - the company owns 9.8% of Nio, which is the second-largest share behind Nio’s founding team with its 9.9%.
Tencent will be tasked with large-scale data storage and processing, and it will provide its support when it comes to training data models. The company will offer support for development of autonomous driving cloud technology, smart driving maps and user experience innovation.
The agreement was signed yesterday between the two companies in Shenzhen which explains why the CEO of Nio was present at the opening of the latest Nio House in Dongguang - the Tencent’s headquarters are less than an hour’s drive away.
Tencent will use its expertise and expansive hardware to host and process all the data required for computing and training of the highly advanced and complicated autonomous driving models. The company will take the development all the way to the operational stage when it’s ready for deployment.
Tencent Cloud - a cloud storage dedicated arm of the Chinese tech giant - will help Nio to build a new hybrid infrastructure for smart car environment and at the same time Nio will benefit from having one of the most stable and reliable open platform services at its disposal and thus available to its customers.
Tencent will help Nio with autonomous driving technology development
Nio is parenting with Tencent to speed up the development of its own autonomous driving technology with Tencent taking over data processing and model training.
www.arenaev.com



















