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China’s Didi just announced a new joint venture to work on electric and hybrid vehicle projects

Zhang Peng | LightRocket | Getty Images
A user holding a smartphone with a Didi Chuxing app.

China's largest ride-hailing operator, Didi Chuxing, said Monday it had entered into a joint venture with a unit of BAIC, China's state-owned autos giant.

The joint venture between Beijing Electric Vehicle and Didi, called BAIC-Xiaoju New Energy Auto Technology, will work to develop “next-generation connected-car systems” through projects related to electric and hybrid vehicles and artificial intelligence.

In recent years, Beijing has aggressively pushed for so-called new energy vehicles as a way to curb air pollution. Those include passenger cars and other types of vehicles that run either purely on battery or is a plug-in hybrid electric vehicle.

BAIC has said it plans to stop manufacturing and selling gas-driven car models by 2025.

For its part, Didi said it has close to 400,000 new energy vehicles registered on its platform, many of which are through its partnerships with electric vehicle makers such as BYD.

The China Association of Automobile Manufacturers predicted that new energy vehicle sales in the country will hit 1.6 million in 2019, according to Reuters. That followed after car sales in China contracted last year for the first time since the 1990s, the news agency reported.

Last year Chinese authorities announced a broad crackdown in the domestic ride-hailing market, targeting Didi with fines following the death of two passengers in separate incidents. The company has about 550 million users on its platform and is backed by Japan's SoftBank. It's valued at $56 billion according to CB Insights.

Volkswagen USA CEO Talks Dieselgate, Tesla, & China

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Cars Published on February 2nd, 2019 | by Guest Contributor
Volkswagen USA CEO Talks Dieselgate, Tesla, & ChinaTwitterLinkedInFacebookFebruary 2nd, 2019 by Guest Contributor
Originally published on X Auto.
By Ian Pavelko

Volkswagen has a history of sending mixed messages when it comes to EV strategy, competition from Tesla, and the company’s murky ties to diesel. Motor Trend recently sat down with Volkswagen of America CEO Scott Keogh to get his feedback on a number of issues facing the automaker.

Keogh calls Dieselgate “the ultimate betrayal.” He admits, “we made VW un-matter to people. When companies get into crisis mode, they climb into a bunker, and they lose their mojo.” In response, Keogh says VW recently changed its advertising agency.
Moving forward, Keogh says, “We’re going to operate as a company that matters and is ethical, and we’re moving into EVs, and hopefully we’ll get that redemption. Our German uniqueness and quirkiness, depending on its application, is 100 percent good and necessary because it’s a distinguishing factor.”
When asked, specifically, about VW’s electrification strategy, Keogh remarks, “We are arriving with a proper VW at a VW price, at a time when market sentiment and reaction and consumer sentiment is building.” Nevertheless, as head of North America for Volkswagen, Keogh sees the real opportunity for electric cars in China.
“There is no debate China will be the explosive EV market. And they need a lot of EVs due to congestion, smog, and autonomy. They missed 20th-century auto. They want to win ‘new auto’—EV, autonomous, connected,” says Keogh. He adds that China’s EV policies help, “Sometimes policy needs to give innovation a leg up. … When you have policies, and particularly (China’s) policies, it can stimulate consumers to follow those policies.”

What about Tesla? Keogh says, “Right now market share is 50 percent Tesla and 50 percent everyone else. Who is going to win the other 50 percent? That breakthrough product has not arrived yet.”
Note:For more information on Navigational Rallying in Quebec, check out Club Autosport La Licorne’s Facebook page (in French).

About the AuthorGuest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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