Daimler And Geely Form New Joint Venture To Offer Premium Ride-Hailing Services In China

Daimler Mobility Services and Geely Group Company, Geely Holding Group’s new business entity, have announced that they will form a premium ride-hailing joint venture in China.

According to Daimler, the 50-50 joint venture will be headquartered in Hangzhou, China.

It is said that the joint venture will provide ride-hailing mobility services in several Chinese cities using premium vehicles including but not limited to Mercedes-Benz vehicles.

Daimler said that the fleet, which will initially include Mercedes-Benz S-Class, E-Class, V-Class, and Maybach vehicles, could be supplemented by premium electric vehicles of the Geely Group in the near future.

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.

Speaking of ride-hailing services, Geely Holding’s domestic ride-hailing service called CaoCao currently has more than 17 million registered users, with one million regular active users on the app providing more than 29,000 pure electric vehicles in 28 cities across the country and with over 360,000 completed trips throughout the country on a daily basis.

Daimler on the other hand, is currently providing free-floating and station-based car-sharing services to over 470,000 customers in China who have completed over 20 million kilometers in car-sharing journeys.