Daimler, Geely Launch Ride-Hailing Venture
The ride-hailing joint venture will begin operating in Hangzhou, a city of more than 10 million people that is home to leading Chinese companies including Geely Holding, and some of the country’s leading technology businesses.
The 50-50 joint venture between Daimler Mobility AG and Geely Technology will be launched with a fleet of 100 vehicles including Mercedes-Benz S-Class, E-Class, and V-Class vehicles.
Photo via Daimler.
Daimler Mobility and Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group, unveiled its premium ride-hailing provider StarRides in China with inaugural services to begin in Hangzhou this month.
The ride-hailing joint venture will begin operating in Hangzhou, a city of more than 10 million people that is home to leading Chinese companies including Geely Holding, and some of the country’s leading technology businesses.
The 50-50 joint venture between Daimler Mobility AG and Geely Technology will be launched with a fleet of 100 vehicles including Mercedes-Benz S-Class, E-Class, and V-Class vehicles. StarRides will expand to other major cities in China starting in 2020.
Inaugural services by StarRides follows a year of development and planning by Daimler Mobility and Geely Technology Group, which unveiled the project in October 2018. At the same time Daimler AG and Geely Holding are establishing a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.
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