Tech giants Tencent and Foxconn team up to make 'smart cars'

Chinese internet giant Tencent and Taiwan's Foxconn Technology, a major Apple supplier, have announced plans to make a smart electric car.
Foxconn told China Business News yesterday that it would sign a strategic agreement with Tencent to cooperate on web and smart car ventures.
The model will borrow from Tencent’s insights on the internet industry and its open web platform in combination with Foxconn’s innovative design and manufacturing technology, Foxconn said.
“The goal is to create [an] efficient, energy-saving, safe and reliable smart electric car," a Foxconn official said.
The companies will likely manufacture the cars in Zhengzhou, where Foxconn has one of its largest facilities.
Tencent chairman Pony Ma Huateng met with Foxconn CEO Terry Guo on Monday and visited the company's Zhengzhou facility.