Chinese Didi sets up joint venture with BAIC unit to work on NEV projects



[ad_1]

The logo of Didi Chuxing is visible in its headquarters in Beijing, China, August 28, 2018. REUTERS / Jason Lee

BEIJING (Reuters) – China's Didi Chuxing announced on Monday that it has created a joint venture (JV) with Beijing Electric Vehicle Co., a subsidiary of Chinese automaker BAIC, which will work on new energy and intelligence vehicle projects. artificial.

The joint venture BAIC-Xiaoju New Energy Auto Technology Co.Ltd aims to develop "new generation connected car systems," said Didi, China's largest racing operator, in a statement.

This is the first joint venture between Didi and the state-owned company BAIC, which wants to stop selling models of gas-powered cars by 2025, while China is orienting its sector towards new energy vehicles.

Report by Yilei Sun and Cate Cadell in Beijing; Edited by Himani Sarkar

Our standards:The principles of Thomson Reuters Trust.
[ad_2]
Source link