Daimler and Geely start ride-hailing business

www.wsj.com

The service will use Daimler’s Mercedes-Benz cars and electric vehicles from Geely. The chairman of Geely became Daimler's largest shareholder when he bought a 10% stake earlier this year, and Daimler has backed Taxify and Via among other ride-hailing companies. The firm just got a new CEO whose remit is to pursue electric vehicle strategies and, interestingly, it has a deal to operate EVs on Uber's network.

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