The Pak Banker

Tencent-backed startup attracts big names in auto industry

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Harmony Futeng, a company backed by Tencent, said that Carsten Breitfeld will take the role as chief executive officer and Daniel Kirchert as chief operating officer of its ' Internet Smart Electric Car' enterprise.

Breitfeld, once head of BMW's i8 plug-in hybrid sports car program, is a worldwide leading expert in the field of R&D for electric cars. He has spent 20 years working at BMW, having held various senior positions in the luxury car company such as in chassis developmen­t, powertrain developmen­t and product strategy.

Kirchert is famous in China's premium car segment. Before joining Harmony Futeng Internet and Intelligen­t Electric Vehicle Company, the fluent Mandarin speaker was the head of Infiniti's China operations and president of Dongfeng Infiniti, the joint-venture between Infiniti and Dongfeng Auto.

"It was a tough decision but a simple reason: I want to have an opportunit­y to start a company, and I think that has a lot to do with my personalit­y," said Kirchert. Harmony Futeng is an innovative investment platform co-founded by China Harmony New Energy Auto Holdings Limited, Hon Hai Precision Industry and Tencent Holdings.

The 'Internet Smart Electric Car' is the platform's core strategic program and an independen­t enterprise, said Harmony Futeng in a statement.

It aims to develop nextgenera­tion individual mobility solutions, creating a premium brand with Chinese roots and a global reach that offers customers a smart, pleasant, and eco-friendly driving experience, said the statement.

Tencent, China's leading integrated Internet service provider which owns the most patents in China's Internet industry, will provide the Internet platform and other innovative solutions needed for the Internet Smart Electric Car program. Another two shareholde­rs of Harmony Futeng are Hon Hai, the world's largest electronic­s device manufactur­er with more than one million workers worldwide, and Harmony Auto, a leading luxury auto dealer in China.

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