Another DiDi Joint Venture filed for bankruptcy as they end their 4 years partnership

Chinese ride-hailing firm $DiDi Global Inc(DIDIY.US)$'s joint venture with $Li Auto(LI.US)$, known as Chehejia, has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).

This partnership was started in 2018 to develop smart EV for ride-hailing services. DiDi also struck parnership with other major automakers such as $VOLKSWAGEN AG(VLKAF.US)$, $Toyota Motor(TM.US)$ and $BYD COMPANY(01211.HK)$ to adopt more EVs with autonomous driving technologies in its fleets. Most collaborations with Didi to co-develop EV made little progress, other then the collaboration with BYD.