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The phrase "racing to develop" is grammatically correct and can be used in written English.
It is commonly used to describe a situation where someone or something is making a lot of effort to develop or improve something quickly. Here is an example: "The company was racing to develop a new product before their competitors could launch a similar one."
Exact(60)
Companies are racing to develop services for Chinese customers.
Soon researchers were racing to develop drugs that could eliminate the need for rest.
Technology firms are racing to develop color displays for e-readers.
The Pentagon, in fact, is racing to develop a powerful new tunnel-busting bomb.
Several firms are now racing to develop a new breed of supersonic passenger aircraft.
China also is racing to develop new energy industries and improve environmental protection.
Biotech start-ups and big pharmaceutical companies are racing to develop drugs to harness this mechanism.
Several companies, including Google and General Motors, are racing to develop their own autonomous-driving technology.
Pharmaceutical researchers have been racing to develop a vaccine but need patients to test it.
Playing catch-up, Ford, General Motors and others are racing to develop more sophisticated subcompacts.
Should scientists be racing to develop a vaccine against Fusobacteria to prevent colon cancer?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com