A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China’s eastern Zhejiang province.
STR | AFP | Getty Images
Chinese ride-hailing giant Didi Chuxing ( “Didi”) has amassed more than 550 million users and 31 million drivers since taking to the streets of Beijing seven years ago. In the past three years, the global rideshare giant has devoted close attention to its autonomous driving unit. That unit became an independent company on Monday in a move designed to focus and designate more resources toward business development and product innovation.
The Uber-competitor established its autonomous driving team in 2016 and has since employed more than 200 people in China, as well as at its Mountain View, California research facility, where it has been working with various auto manufacturers like Volkswagen and Toyota Motors to test core innovative technologies.
Last month, Didi Chuxing received $600 million in corporate financing from Toyota, which includes…