This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Home » Daimler Mobility Services and Geely Group Company form premium ride-hailing joint venture in China
Daimler Mobility Services and Geely Group Company, Geely Holding Group’s new business entity, announced they will form a premium ride-hailing joint venture in China. The 50-50 joint venture (JV) will be headquartered in Hangzhou. The JV will provide ride-hailing mobility services in several Chinese cities using premium vehicles including, but not limited to, Mercedes-Benz vehicles. The fleet initially will include Mercedes-Benz S-Class, E-Class, and V-Class and Maybach vehicles and could be supplemented by premium electric vehicles of the Geely Group. Financial terms and the investment plans of the JV have not been disclosed at this stage. The implementation of the JV is subject to approval by the merger control authorities.
As part of the JV, Geely Group Company and Daimler Mobility Services will be equally represented on the board of the new ride-hailing service, for which the two companies will jointly develop the software infrastructure required to support the business in China.