German carmaker Daimler announced Wednesday that it will start a 50-50 joint venture with Geely Group, a Chinese automotive manufacturing company, to provide premium ride-hailing services in several Chinese cities.
German premium automaker Daimler AG and China’s internet giant Baidu Inc. partner up to deepen their strategic ties in the areas of autonomous driving and vehicle connectivity.
Daimler AG became the first international automaker to receive a road test license for Level 4 highly automated driving on the roads of the Chinese capital of Beijing.
Volkswagen Group has established a joint venture with a Chinese company once again (official announcement will be made as early as this week), but this time it chose the ride-hailing company, Didi Chuxing rather than traditional car companies.
On the afternoon of February 24, German auto giant Daimler released an investor relation announcement on its official website welcoming new long-term shareholders. The announcement disclosed that China’s Geely Holding Group Chairman Li Shufu has acquired 103.6 million shares of Daimler stock, accounting for 9.69 percent of equity.
In early August, a batch of brand new BMW 1-series sedans showed on the streets of Shenyang. These luxury vehicles, equipped with Wifi connection, facial recognition, smart voice assistant, are shared cars which cost users only 1.5RMB per kilometer. Though it turned out that BMW Brilliance Automobile or BMW China were not behind this, luxury…