Daimler and Geely partner for ride-hailing venture in China

  • General
  • October 24, 2018
  • 38
  • 5 minutes read
Daimler

Auto giant Daimler and China based vehicle manufacturer Geely have now taken on a partnership to run a ride-hailing joint venture in the Chinese region which will involve use of premium vehicles including but not limited to that of the Mercedes Benz brand.

The initial fleet for this ride-hailing venture will include Mercedes-Benz S-Class, E-Class and V-Class and Maybach vehicles as well as probable supplements from Geely’s premium EV offerings.

Daimler

Geely is notable for its operation of CaoCao, it’s Chinese domestic ride-hailing service with over 17 million registered users and one million regular active users which provides trips in 28 cities in a fleet of over 29,000 electric vehicles. This joint venture formed by Daimler is aimed at enlarging the global presence of its own mobility services which account for 26 million customers.

“Daimler is ideally positioned to continue its transformation by expanding into a comprehensive mobility services company as we pave the way to autonomous driving.” Daimler Financial Services CEO Klaus Entenmann said in a statement.

Daimler

“With Geely Group, we have found an excellent partner to expand our mobility services in China. The joint venture will play a significant role as we continue to enlarge our portfolio and global presence and solidify our strong position in the mobility market.” Entenmann stated.

The new joint venture taken on by both companies will be involved in the development of software infrastructure for the ride-hailing pilot among other tasks.

Daimler

“We are delighted to have defined terms for a premium ride-hailing joint venture with Daimler Mobility Services. The development of such services, in which both companies already have a presence, forms part of our transformation from a vehicle manufacturer into a global automotive technology group.” Geely Holding president An Conghui also added.


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