Daimler and Geely intend to create a joint venture in the sphere of private taxi in China

109727

German carmaker Daimler, together with its major Chinese shareholder Geely Holding Group, will create a joint venture in China that will specialize in providing taxi service, Dow Jones writes, referring to the Geely statement. Both automakers will own 50% of the new company, the head office of which will be in Guangzhou. To provide taxi services, companies will use premium cars. Geely President An Conghui noted that both companies are already engaged in these services. In his opinion, the activities of the joint venture will contribute to the creation of a global automotive technology group.

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