China's Didi EV JV with Li Auto files for bankruptcy

China's Didi EV JV with Li Auto files for bankruptcy

Didi’s shares are trading 14.5% below the U.S. IPO price.

Chinese ride-hailing firm Didi’s joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).