Daimler and Geely start car sharing service in China
According to news agency Bloomberg, German car manufacturer, Daimler, and Chinese car maker, Geely, have concluded to create a new company that will organize car sharing services in China.
Daimler and Geely are supposed to create a new company on an equal base. This joint venture will offer car sharing and taxi services and will be a clear competitor of Didi Chuxing, already present in the market.
Earlier this year, Geely took a 10% share in Daimler, which created a lot of commotion in Germany. Apparently, the link between the two companies is now gong to be developed further.
To offer these services, Daimler would apparently be inclined to use Denza cars. These electrically driven vehicles are the fruit of another joint venture of Daimler, this time with BYD (Build Your Dreams), one of the biggest Chinese battery manufacturers who is in its car production concentrating on electric cars.
BYD has the support of the well-known investor, Warren Buffett.