Daimler mulling Geely partnership for Chinese ride hailing, report says
The goal of the partnership would be to compete with Didi Chuxing.
Andrew KrokReviews Editor / Cars
Cars are Andrew's jam, as is strawberry. After spending years as a regular ol' car fanatic, he started working his way through the echelons of the automotive industry, starting out as social-media director of a small European-focused garage outside of Chicago. From there, he moved to the editorial side, penning several written features in Total 911 Magazine before becoming a full-time auto writer, first for a local Chicago outlet and then for CNET Cars.
Didi Chuxing is the current ride-hailing leader in China, and it's quite the major player, so it would take some sort of corporate Voltron in order to compete in that space. That's exactly what two big automakers are attempting to create, according to a new report.
Daimler (parent company of
) and Geely (parent company of
) are in talks to create a ride-hailing joint venture, Bloomberg reports, citing sources familiar with the matter. The goal of this 50-50 joint venture would be to offer ride-hailing services to compete with Didi Chuxing in China.
According to Bloomberg's sources, the discussion is still ongoing and nothing is set in stone just yet. Representatives for Geely did not immediately return a request for comment, but both companies declined to comment to Bloomberg, and Daimler also declined comment to Roadshow.
Both companies have also made moves into the mobility space, albeit separately. Bloomberg points out that Geely already has a ride-hailing app called Caocao that works in two-dozen Chinese cities and promises access to over 20,000 electric vehicles. Daimler has its Car2Go car-sharing service, which recently expanded to Chicago as Daimler attempts to capture larger swaths of the US market.
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