Tuesday, 2024 February 27

Didi Chuxing in talks with Volkswagen to jointly develop autonomous car models for ride-hailing

Didi Chuxing, China’s largest ride-hailing company, confirms it’s in talks with Volkswagen and other automakers for a potential partnership, in response to a Reuters report stating that the Didi Chuxing and Volkswagen mull to co-manage a fleet of 100k vehicles and to jointly develop self-driving car models for ride-hailing. The deal may be part of the D-Alliance, a partnership between Didi Chuxing and 31 companies in the auto industry, to establish a platform for ride-hailing, rental services, and maintenance businesses, easing automakers’ anxiety of being relegated to mere hardware manufacturers, as the alliance means they could become car operators.

Didi Chuxing seeks to become a one-stop platform for transportation services and revolutionize how people own cars by providing shared EVs. The Beijing-based company is reportedly mulling a multibillion-dollar IPO at a valuation of as much as $80 billion this year.

Source: Pandaily

Xiaochun Zhao
Xiaochun Zhao
I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.
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