Daimler Mobility, Geely Launch StarRides In China - Quick Facts

(RTTNews) - Daimler Mobility AG and Geely Technology Group have unveiled the premium ride-hailing provider StarRides in China. The 50-50 joint venture is based in Hangzhou, where services will be launched with a fleet of 100 vehicles. The companies plan to expand the StarRides services to other major cities in China starting in 2020.

Joerg Lamparter, board member Daimler Mobility AG for Digital & Mobility Solutions, said: "Premium ride-hailing is an essential element in our mobility ecosystem ranging from multi-year financing contracts to flexible leasing, car rental and subscription models to on-demand mobility. With Geely Technology Group, we have found an excellent partner to expand our mobility ecosystem in China."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More