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Daimler eyes joint venture with China's Geely: Bloomberg

October 9, 2018 10:01 AM
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(Reuters) - German vehicle manufacturer Daimler AG (DAIGn.DE) is in talks with China’s Geely Holding Group Co (0175.HK) to set up a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, citing sources.

The 50:50 venture is yet to be finalized, and Daimler is planning to take on industry leader Didi Chuxing on its home turf, Bloomberg reported citing people familiar with the matter.

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