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Chinese electric vehicle maker Nio and tech giant Tencent have agreed to work together on areas including autonomous driving and high-definition mapping. The firms are keen to cash in on Beijing’s focus on new energy cars.
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The partnership will enable Nio to take advantage of Tencent’s cloud computing infrastructure for data storage and training for autonomous driving, as cars with self-driving technology require huge amounts of real-time data to be processed in order to train algorithms. In return, the partnership gives Tencent an opportunity to enter into China’s burgeoning EV sectors.