Cancel
Business

Tencent begins recruiting engineers for its driverless vehicles team

CKN
minutes 2018/11/09 11:01:00
3,165
China's Financial News, China News ,Tencent

Nov 09, 2018 (China Knowledge) -  

Chinese technology giant Tencent Holdings Ltd <0700:HK> has been posting job advertisements on LinkedIn, as it looks for recruiting self-driving car engineers for its research team in Palo Alto, California.

The company has posted at least nine postings on its LinkedIn account in past two weeks. It intends to hire researcher in areas of behaviour prediction, perception & sensor fusion, and motion planning & control for autonomous driving among others.

UBS analyst has forecasted that the value of driverless car market will reach USD 2.8 trillion by 2030. China is expected to be the biggest market for driverless vehicles, surpassing the U.S.

All the big technology giants such as Tencent, Alibaba Group Holding Ltd <BABA:NYSE> and Baidu Inc. <BIDU:NASDAQ> have entered the race to develop driverless technology and vehicles in China.

Foreign entities such as German auto maker BMW, Ford Motors and Alphabet Inc.’s, Waymo has registered or have started testing its driverless technology in China. The autonomous vehicles market has also seen an increase in the establishment of start-ups such as Pony.ai and Jingchi.

At least 64 manufacturers and automakers worldwide have set up their operation in Silicon Valley. Silicon Valley has been a favourite platform for many companies to test and build their driverless car. Despite not having an autonomous vehicle testing permit in the U.S. yet, the job advertisements posted by Tencent show the company commitment to develop the technology and plans to enter the U.S. market.

Tencent has received its first license earlier in May to conduct open-road tests for its autonomous car in Shenzhen. The move has helped the company move on from the initial technical stage to application stage.  

 

Copyright © 2018 www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com

To access our page on Bloomberg, type CKFI

share