{"id":398857,"date":"2022-08-11T18:30:57","date_gmt":"2022-08-11T13:00:57","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/the-company-that-didi-founded-to-manufacture-electric-cars-goes-bankrupt-2\/"},"modified":"2022-08-11T18:30:57","modified_gmt":"2022-08-11T13:00:57","slug":"the-company-that-didi-founded-to-manufacture-electric-cars-goes-bankrupt-2","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/the-company-that-didi-founded-to-manufacture-electric-cars-goes-bankrupt-2\/","title":{"rendered":"The company that Didi founded to manufacture electric cars goes bankrupt"},"content":{"rendered":"<p><\/p>\n<div>\n<ul>\n<li>In 2018, Didi and Li Auto founded <em>Beijing Jewish Chuxing Technology.<\/em><\/li>\n<li>Didi has also forged alliances with other electric car manufacturers to develop vehicles for its fleet.<\/li>\n<li>So far, none have progressed.<\/li>\n<\/ul>\n<p>China is the absolute leader in the sale of electric cars in absolute terms.<\/p>\n<p>The delivery of these vehicles in the Asian giant (also including hybrids) amounted to 2.31 million units in 2021, which established that country as the main market in this sector.<\/p>\n<p>China is also the country in which the most cars of this class are produced in the world.<\/p>\n<p>The last <a href=\"https:\/\/es.statista.com\/temas\/8643\/el-mercado-de-los-coches-electricos-en-el-mundo\/#dossierKeyfigures\" rel=\"nofollow noopener\" target=\"_blank\">calculations<\/a> indicate that the production of electric cars in China between 2018 and 2023 will exceed 13.5 million units, practically triple the number of vehicles expected to be produced by Germany, the second country in the world. <em>ranking<\/em>.<\/p>\n<h2>Didi, Li Auto and the smart electric cars that were never made<\/h2>\n<p>For this reason, it is not surprising that companies that are trying to gain a foothold in the electric car market seek to land in China.<\/p>\n<p>Tesla, for example, already manufactures at its plant <em>beijing<\/em>.<\/p>\n<p>In 2018, the Chinese transportation company Didi, together with Li Auto, formed a joint venture to develop, manufacture and sell this class of vehicles.<\/p>\n<p><strong>The alliance, however, failed and the news is that it went bankrupt.<\/strong><\/p>\n<p>Indeed, this Thursday, August 11, it was learned that the company has filed for bankruptcy, according to a court filing, which points to the end of a four-year partnership to manufacture electric vehicles.<\/p>\n<p>The company, which is owned 51 percent by Didi and 49 percent by Li Auto, filed for bankruptcy in a Beijing court, according to reports. <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/chinas-didi-ev-joint-venture-with-li-auto-applies-bankruptcy-court-2022-08-11\/\" rel=\"nofollow noopener\" target=\"_blank\">Reuters<\/a>.<\/p>\n<h2>The brief history of <em>Beijing Jewish Chuxing Technology<\/em><\/h2>\n<p>Didi and Li Auto, which had been created under the name <em>Chehejia<\/em>founded <em>Beijing Jewish Chuxing Technology<\/em> four years ago to <strong>develop and manufacture customized smart electric vehicles for ride-sharing services.<\/strong><\/p>\n<p>It was part of a series of Didi partnerships with major automakers, including Volkswagen, Toyota and BYD, to add self-driving electric vehicles to their global fleets.<\/p>\n<p>Most of these agreements have not progressed very far.  There is only one precedent.  In 2020, Didi and BYD launched a jointly developed VE D1 model.<\/p>\n<p><strong>Now read:<\/strong><\/p>\n<p class=\"elementor-post__title\">Young woman is fired after two days &#8230; revenge against Spa causes them to go bankrupt<\/p>\n<p class=\"elementor-post__title\">Evergrande begs not to sue him until he sees how he pays his debt<\/p>\n<p class=\"elementor-post__title\">Aliexpress is left without rivals: GearBest disappears from the internet<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In 2018, Didi and Li Auto founded Beijing Jewish Chuxing Technology. Didi has also forged alliances with other electric car manufacturers to develop vehicles for its fleet. So far, none have progressed. China is the absolute leader in the sale of electric cars in absolute terms. The delivery of these vehicles in the Asian giant<\/p>\n","protected":false},"author":74,"featured_media":398858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3447],"tags":[7412,4373,3731,18876,4143,35382,5898,15643],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/files.merca20.com\/uploads\/2022\/08\/didi-autos-electricos.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/398857"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=398857"}],"version-history":[{"count":0,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/398857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/398858"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=398857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=398857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=398857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}