China’s Didi EV three way partnership with Li Auto applies for chapter – court docket

SHANGHAI – Chinese language ride-hailing agency Didi’s three way partnership with Li Auto has utilized for chapter, in keeping with a court docket submitting, pointing to the top of a four-year-old partnership to make electrical automobiles (EV).

The corporate, 51 % owned by Didi whereas 49 % held by Li Auto, submitted the chapter software to Beijing No. 1 Intermediate Individuals’s Courtroom on Thursday, an announcement on an internet site run by the Supreme Courtroom confirmed.

Didi and Li Auto didn’t instantly reply to requests for remark.

Didi and Li Auto, beforehand often called Chehejia, established Beijing Judian Chuxing Expertise in 2018 to develop and manufacture personalized good electrical automobiles for ride-hail…

Carry on studying: China’s Didi EV joint venture with Li Auto applies for bankruptcy – court

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