Lyft is planning to buy into the emerging luxury car market, but it’s not going to do it in the United States.
Instead, Lyft is going to build it in China.
The ride-hailing service, founded in 2015, plans to open a new China headquarters in the southern city of Hangzhou later this year.
The company will invest $150 million in the development, according to Reuters.
“We are not going for an all-American car,” Lyft CEO Logan Green told the Associated Press on Thursday.
“We are going to take advantage of the opportunity in China.”
Lyft is planning a partnership with Shanghai-based Wuhan Automotive, a manufacturer of luxury cars, which will create a new division that will manufacture luxury vehicles, including Lexus and Cadillac.
Lyft will be able to use its factory, Wuhang Automotive told Reuters.
The company has already established itself as a leader in the luxury car business in the U.S., but it doesn’t appear that its future plans will align with Uber’s.
Lyft recently announced a partnership to sell luxury cars in Australia.
Lyft has said that it will “make our mark in the global luxury car space” by offering “premium” cars, but has also said that “a premium premium is not necessarily better.”