Mexican Media Brands
Three Chinese Carmakers Form Ride-Hailing Alliance
A trio of state-owned Chinese carmakers is launching a joint ride-hailing service to rival foreign-based competitors.
Share
A trio of state-owned Chinese carmakers is launching a joint ride-hailing service to rival foreign-based competitors, Xinhua News reports.
Chongqing Changan Automobile, Dongfeng Motor and FAW Group also plan to develop vehicles specifically for their unnamed service. Adding self-driving capabilities could come later.
Xinhua offers few details about the jointly funded project. The three companies agreed last December to enter into a broad partnership to speed technology development, pool purchasing and manufacturing resources, launch overseas operations and venture into the market for shared-ride services.
The new venture revives rumors dating to 2015 that FAW and Dongfeng might merge. The speculation surged last year when the two companies swapped high-level executives.
A source tells The Nikkei that both companies and Changan Automobile may be headed for a three-way tie-up. The source notes that Xi Gkuohua, president of rail car maker CRRC, was named president of FAW in June. Xi orchestrated a government-led merger of two train manufacturers in 2025 to create CRRC.
RELATED CONTENT
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
