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Both companies plan to conduct joint research and development on
safety and security systems for self-driving cars, which Hyundai
seeks to roll out commercially by 2030, the report, which cited
unnamed industry sources, said.
The agreement was signed on the sidelines of a business forum
held in Seoul on Thursday by the South Korean government and
China's Guangdong province, it said.
Hyundai and Tencent did not offer any immediate comments on the
report.
The two companies are also exploring ways to utilize Tencent's
popular WeChat messaging app in developing China-targeted car
models, the newspaper said.
Hyundai, the world's 5th largest automaker together with
affiliate Kia Motors, has been fostering partnerships with
self-driving tech and social media firms as it aims to introduce
highly automated vehicles by 2020 and fully autonomous vehicles
by 2030.
Hyundai Mobis, another affiliate of the car maker, clinched an
agreement last month with Russia's largest internet search
engine Yandex to jointly develop control systems for driverless
vehicles.
Shenzhen-based and Hong Kong-listed Tencent has also ventured
into self-driving tech and had advertised to recruit engineers
in Silicon Valley last year.
(Reporting by Hyonhee Shin; Additional reporting by Hyunjoo Jin
in SEOUL and Norihiko Shirouzu in BEIJING; Editing by
Muralikumar Anantharaman)
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