China's Didi, Germany's Continental merge to develop electric vehicles

Published: July 10, 2018 14:25:09 | Updated: July 12, 2018 13:03:13

The logo of Chinese ride-hailing firm Didi Chuxing is seen at their new drivers centre in Toluca, Mexico on April 23. Reuters/File photo

Chinese ride-sharing company Didi Chuxing said on Tuesday it signed an agreement with German automotive supplier Continental AG to jointly develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services.

Didi said the two companies signed what it called a strategic cooperation agreement in Shanghai.

“Based on DiDi’s practical experience on mobility as well as Continental’s advanced products and technologies … the parties will explore cooperation mainly in the areas of intelligent & connected vehicles (ICV) and customised new energy vehicles,” Didi said in a statement.

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