| 1 MINUTE READ

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.
#asia #tech #FAW

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

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

  • The Local Motors Approach

    This is the 3E. A design by the renowned automotive designer Camilo Pardo, the man behind many striking designs, including the ‘05/’06 production Ford GT.

  • Engineering the Elio

    Elio Motors is something of a brash company.

  • Toyota’s e-Commerce/Mobility Platform

    Akio Toyoda, president of Toyota Motor Corp., said at CES today that his goal is to transform Toyota from being a car company to becoming a mobility company.