Tencent鈥檚 auto firm hires Google, Daimler staff
Print Edition
AN automaker launched last year by firms including tech giant Tencent Holdings Ltd has poached autonomous driving staff from Google and Daimler AG, marking China’s latest high-profile hires in the race to make self-driving cars.
Tech firms are encroaching on the auto sector as cars become increasingly reliant on digital technology, with e-commerce firm Alibaba Group Holding Ltd and Internet search provider Baidu Inc funding automotive ventures.
A relaxation of restrictions on non-automakers producing electric cars in China has also encouraged more entrants. Video streamer cum automaker LeEco unveiled an electric self-driving concept car ahead of the Beijing auto show, which ends today.
Tencent, the Chinese developer of popular chat app WeChat, set up Future Mobility to make electrified self-driving cars with Taiwan-based electronics maker Hon Hai Precision Industry Co — also known as Foxconn — and car dealer China Harmony New Energy Auto Holding Ltd.
“If you’re measuring these firms (Future Mobility, LeEco and others) as automotive companies, the risks are very high and it’s a very long shot for any to make it,” said Bill Russo, managing director at consultancy Gao Feng Advisory Co. “Even Tesla has taken 10 years to earn respect.”
Future Mobility has hired lead designer Wolfram Luchner from Alphabet Inc’s self-driving car project, a person familiar with the matter said, declining to be identified.
From Daimler, the venture has hired Mercedes-Benz North America autonomous driving research and development director Luca Delgrossi, the person said.
Future Mobility Chief Operating Officer Daniel Kirchert confirmed the appointments.
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