China's Alibaba Throws Its Hat Into the Smart Car Development Ring

© AP Photo / Mark SchiefelbeinSelf-driving car. (File)
Self-driving car. (File) - Sputnik International
The company's representatives claim that the holding is "making rapid progress" in the field and might soon be able to produce new generation vehicles.

China's largest e-commerce company Alibaba Group Holding Ltd. has revealed that it is working on cars with an autonomous driving system, according to China Daily.

According to the media outlet, the company is striving to produce self-driving vehicles that are fully capable of controlling the driving process without human intervention.

Alibaba's experts are "developing autonomous driving technologies and [are] making rapid progress," the company told the newspaper.

The e-commerce holding has become the third Internet company in China to announce plans to develop "smart" vehicles following its rivals Baidu Inc. and Tencent Holdings Ltd.

READ MORE: Jaguar Land Rover, Waymo Strike $1.3Bln Deal to Build 20,000 Self-Driving Cars

Last Sunday, Tencent signed an agreement with China's First Automotive Works (FAW) on the joint development of self-driving vehicles. Earlier, FAW reported that this year it could start the production of unmanned trucks.

Meanwhile, in March 2018, another Internet giant Baidu received permission from the Chinese authorities to test unmanned vehicles on the open road in Beijing. Previously, the testing of such unmanned vehicles in China was deemed illegal.

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