July 10, 2018 / 6:30 AM / 4 months ago

China's Didi, Germany's Continental to develop connected vehicles

BEIJING, July 10 (Reuters) - Chinese ride-sharing company Didi Chuxing said on Tuesday it signed an agreement with German automotive supplier Continental AG to jointly develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services.

Didi said the two companies signed what it called a strategic cooperation agreement in Shanghai.

“Based on DiDi’s practical experience on mobility as well as Continental’s advanced products and technologies … the parties will explore cooperation mainly in the areas of intelligent & connected vehicles (ICV) and customized new energy vehicles,” Didi said in a statement. (Reporting By Norihiko Shirouzu; Editing by Gopakumar Warrier)

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