Volkswagen in Didi venture talks
Car maker will initially manage fleet of about 100,000 new vehicles
Beijing — Volkswagen, the world’s biggest car maker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s car fleet and help develop purpose-built vehicles for Didi’s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed early in June, the German car maker will initially manage a fleet of about 100,000 new vehicles for Didi, of which two-thirds will be Volkswagen Group cars, said a senior executive at the car maker. Volkswagen will also buy some new cars with Didi to enable the Chinese company to expand its fleet. The two eventually plan to collaborate to design and develop dedicated vehicles, he said, speaking on condition of anonymity as the details are still private. The executive did not give financial details of the deal but said that Volkswagen would get a slice of the revenue once the venture develops. The growing popularity of ride-hailing services for commuting a...
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