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25 10 2018 03

Daimler Mobility Services and Geely Group Company, Geely Holding Group’s new business entity, will form a premium ride-hailing joint venture in China. Headquartered in Hangzhou, the 50:50 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.

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Tags: Mobility

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