China's Didi EV joint venture with Li Auto applies for bankruptcy - court

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SHANGHAI : Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).The company, 51 per cent owned by Didi while 49 per cent held by Li Auto, submitted the bankrupt

SHANGHAI : Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles .

While Didi and BYD launched a co-developed EV model D1 in 2020, most of the collaborations have made little progress.

 

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