VW gears up car-sharing moves

Germany's biggest automobile manufacturer Volkswagen Group said it is seeking to forge joint venture car-sharing deals with major local industry players like ride-hailing giant Didi Chuxing, to meet the rapidly-changing travel needs of Chinese consumers.

Volkswagen Group China signed a strategic cooperation framework with Didi Chuxing on Thursday, under which the two companies will establish a ride-hailing business and exchange business practices and strategies in products, marketing, branding and data technology.

They said their move would help promote the development of smart urban transportation system in China.