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November 19, 2016

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Home » Business » Auto

Another China Tie-Up

VOLKSWAGEN AG, which has already announced moves into ride-hailing and plans to become a major player in China’s new-energy vehicle market, yesterday signed a partnership agreement with Shouqi Group on mobility services.

The German automaker wants to invest in Shouqi’s GoFun, which provides ride-hailing and new-energy car sharing services, according to a memorandum of understanding signed at the Guangzhou auto show.

It follows similar plans with Didi Chuxing.

After sales moderated because of its emissions scandal, Volkswagen’s “Strategy 2025” places a key emphasis on China, the world’s largest auto market.


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