China’s Didi Chuxing said on Monday it had set up a joint venture (JV) with Beijing Electric Vehicle Co., a unit of Chinese carmaker BAIC, which will work on new energy vehicle and artificial intelligence projects.
The JV, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, aims to develop “next-generation connected-car systems”, Didi, China’s largest ride-hailing operator, said in a statement.
This is the first JV between Didi and state-owned BAIC, which wants to stop selling gas driven car models by 2025 as China shifts the industry toward new energy vehicles (NEVs).
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Reuters