Tencent-backed automaker plans to launch self-driving, electric car before 2020: CEO
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Dancers perform underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014.
Reuters/Kim Kyung-Hoon/File Photo
An automotive venture backed by China tech giant Tencent aims to launch an electric self-driving car before 2020, the chief executive told Reuters on Tuesday.
Future Mobility, backed by Tencent and Hon Hai Precision Industries, is one of an expanding field of China-backed ventures that aim to take on Tesla Motors Inc as green energy car sales boom in China.
(Reporting by Norihiko Shirouzu and Jake Spring; Editing by Stephen Coates)