Chinese automaker plans self-driving, electric car by 2020
Chinese automaker plans self-driving, electric car by 2020 An automotive venture backed by China tech giant Tencent aims to launch an electric self driving car before 2020, entering a crowded field dominated by US-based Tesla, 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. Although the venture sought to produce premium cars like Tesla, it would attempt a different strategy from the US company that began with relatively limited production and focuses on a single model at a time, CEO Carsten Breitfeld said in an interview. "Right from the beginning we define the platform, right from the beginning we define the production process to be mass production and right from the beginning we think of more than one model, a family of models, defined from this platf...