Didi Chuxing in talks with Volkswagen to jointly develop autonomous car models for ride-hailing

The partnership is part of Didi Chuxing’s alliance with 31 companies in the auto industry.

By

Didi Chuxing in talks with Volkswagen to jointly develop autonomous car models for ride-hailing

Didi Chuxing, China’s largest ride-hailing company, confirms it’s in talks with Volkswagen and other automakers for a potential partnership, in response to a Reuters report stating that the Didi Chuxing and Volkswagen mull to co-manage a fleet of 100k vehicles and to jointly develop self-driving car models for ride-hailing. The deal may be part of the D-Alliance, a partnership between Didi Chuxing and 31 companies in the auto industry, to establish a platform for ride-hailing, rental services, and maintenance businesses, easing automakers’ anxiety of being relegated to mere hardware manufacturers, as the alliance means they could become car operators.

Didi Chuxing seeks to become a one-stop platform for transportation services and revolutionize how people own cars by providing shared EVs. The Beijing-based company is reportedly mulling a multibillion-dollar IPO at a valuation of as much as $80 billion this year.

Source: Pandaily