China's top ride-hailing company Didi Chuxing has raised $4bn to expand artificial intelligence (AI) technologies and use of electric vehicles (EVs). The company announced last November that it was looking to build its own EV charging infrastructure across China. In a statement on Tuesday, the firm said it had signed an agreement with China Development Bank (CDB), which will provide funding for the project.
China's top ride-hailing company Didi Chuxing has raised $4bn to expand artificial intelligence (AI) technologies and use of electric vehicles (EVs). The company announced last November that it was looking to build its own EV charging infrastructure across China. It claims to operate the world's largest fleet of EVs, which it hopes to boost to one million by 2020.