One of the world’s leading automotive alliances has signed a deal to explore the development of car-sharing services in China.

The Renault-Nissan-Mitsubishi has penned a Memorandum of Understanding (MoU) with Chinese mobile transportation platform, DiDi Chuxing (DiDi), to examine potential collaboration on an electric car-sharing initiative in the country.

“Strategic partnerships with the world’s leading industry players like Renault-Nissan-Mitsubishi will enable us to pool our strengths and resources to meet diversified mobility demands and create an open, sharing-based transportation ecosystem, as we innovate vehicles for a future of ridesharing, AI technology and new energy,” said Chen Ting, General Manager for the Express Mobility Group of DiDi Chuxing.

Last month the Renault-Nissan-Mitsubishi group also announced it is launching a $1 billion fund to attract the world’s leading tech startups.

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