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The 2018 China "Internet Plus" & Digital Economy Summit kicked off in Chongqing's Liangjiang New Area on April 12.

During the summit, Chinese internet giant Tencent Holdings Ltd signed an agreement with state-owned Chongqing Changan Automobile Co to break ground on a supercomputing center in Liangjiang New Area.

Tencent and Changan Automobile sign the joint project during the 2018 China "Internet Plus" & Digital Economy Summit on April 12. [Photo/people.cn]

The one billion yuan (about $159 million) project will set up a platform for internet of vehicles (IoV) and big data analysis and cloud technologies to offer comprehensive solutions for smart vehicles and operating services.

Pony Ma, chairman and CEO of Tencent Holdings, delivers a speech at the summit. [Photo/people.cn]

The cooperation will highlight construction of an influential manufacturing center and a national demonstration base of industrial internet, boosting the evolution of digital economy and the reform of traditional industry.

Liangjiang New Area will also encourage local manufacturers to share resources with the supercomputing center and expand the layout of intelligent industries via the Tencent Cloud Center, promoting the brand "Made in Liangjiang".

"Made in Liangjiang" will help Chongqing to integrate internet technology with the manufacturing industry, according to the Liangjiang New Area administrative committee.

Liangjiang New Area is the largest manufacturing base of automobiles in China. [Photo/npc.gov.cn]