Allegro Raises 2026 Outlook as International GMV Surges 
OpenAI Urges US-Led Global Standards for Frontier AI 
Petrobras Joins Brazil’s New Diesel Subsidy Program 
Trump Plans Federal AI Force and AI Czar 
Trump Bans CNN, MS NOW and Politico From White House 
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash 
FAA Allows Boeing to Sell 35 More 777F Freighters Beyond 2028 
Nike Earnings at Risk as UBS Cuts Price Target to $42 
Hyundai CEO Warns Chinese Automakers Could Disrupt US Market 
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
LVMH-Hermès Dispute Deepens Over Secret 2002 Share Deal 
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded 
Apple Pay Set for India Launch With Axis Bank 
Prysmian, Rio Tinto Supply Low-Carbon Cables for Amazon Ohio Data Center 
Paramount Skydance Faces $30 Million Film Penalty in Warner Bros. Deal 
Add as a preferred source on Google
Geely company owned by China's Zhejiang Geely Holding Group, revealed on Jan. 19 that it signed a partnership contract with another Chinese multinational technology conglomerate, Tencent Holdings Ltd.
Geely and Tencent’s plan and goal for the deal
The automaker stated that with the team up, they will be developing technologies to produce a smart vehicle cockpit and autonomous driving. Likewise, Geely and Tencent are working together to create technologies that will allow autonomous vehicles to have better and more mobility service applications.
Reuters noted that this is the latest partnership deal between a tech and car manufacturer as the industry evolves. This is also Geely’s third investment and partnership venture with big companies this year as it continues to get involved in the tech business.
Tencent has investments in the electric car market too. In fact, it has put in money for EV after a tie-up with Tesla. The company also invested in the Chinese EV maker Nio.
Geely’s other deals with premier companies
As mentioned, this is the Hangzhou-based Geely’s third deal. Earlier this month, it revealed the plans to launch electric vehicles together with Baidu Inc.
In a separate venture, Geely also signed a partnership contract with the Taiwanese multinational electronics firm Foxconn. This is also about building electric cars as Foxconn is slowly infiltrating the Chinese EV trade as well.
Foxconn and Geely agreed to invest a 50% stake to achieve their goal of launching EV cars with exceptional technologies. They will be building modern smart EVs with simple operating systems. The latter is launched its EV manufacturing platform last year, so this will be put to use once the project begins.
“The current global automotive industry is undergoing profound changes,” Daniel Li Donghui, Geely’s CEO, said in a statement via South China Morning Post. “We must actively embrace change, build alliances, and synergize global resources to create greater value for our end-users.”
Meanwhile, with Geely and Tencent’s partnership, they will be focusing more on areas including low carbon development, digitalization, autonomous drive, and intelligent cockpits. The target is to sell smart cars and offer one-of-a-kind services to the global auto industry.
