Business

China's Didi Chuxing, BYD roll out customized car model for ride-hailing service

Didi and electric vehicle maker BYD started to jointly design the van model for ride-hailing services from early 2018

Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee/File Photo
  • Didi Chuxing operates in Argentina, Mexico, Colombia, Chile, Panama and Costa Rica;
  • It also owns a controlling stake in 99 in Brazil.

China’s Didi Chuxing and electric vehicle maker BYD on Monday launched their purpose-built D1 van model for ride-hailing services, the ride-hailing giant’s CEO Will Cheng said on Monday.

READ ALSO: Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say

Uber‘s rival, the Chinese company recently launched operations in Argentina and currently operates in other four Latin American countries (MexicoColombiaChile, Panama, and Costa Rica), besides having a controlling stake in 99 in Brazil.

READ ALSO: Brazilian Itaú Unibanco debuts in electric cars service

SoftBank-backed Didi and Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, started to jointly design and develop the model from early 2018, which will have larger leg-room for back seat passengers.

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