Didi Chuxing has set up its autonomous car unit as a new business that remains unnamed for now, with the aim of attracting external investment.

China-based ride hailing service Didi Chuxing has spun out its self-driving vehicle division with an as-yet undisclosed name, the Financial Times reported yesterday. Didi Chuxing hopes the spinout will attract investors as its own loss-making operation faces a downturn of venture capital activity in China. It did not specify the size of the stake it…

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