Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Chinese Startup X Square Robot Hits 20 Billion Yuan Valuation
UBTech Launches Lifelike Humanoid Robots in Push for Consumer Market
China Mobile Sets Up Token Office to Scale AI Services
LATEST
Chinese Startup X Square Robot Hits 20 Billion Yuan Valuation
Wanda Ordered to Pay Suning 1.75 Billion Yuan Over Failed IPO
Volkswagen Urged to Build China-Developed Cars in Germany to Protect Jobs
China Mobile Sets Up Token Office to Scale AI Services
UBTech Launches Lifelike Humanoid Robots in Push for Consumer Market
Geely-Backed Polestar Forced Out of U.S. by Chinese Auto Tech Ban
DeepSeek Plans Major Hiring Spree After $7.4 Billion Funding Round
Anyverse Dynamics Raises Over $200 Million as China’s Robotics Funding Boom Accelerates
Europe Has a Lot to Learn From China About Electric Trucks, Volvo CTO Says
Embodied AI Startup Kunlunxing Lands Multibillion Yuan Raise
ByteDance Targets July Launch of Upgraded AI Video Model
China’s Starlink Challenger Seeks Up to $2.2 Billion for Satellite Network Push
New Model Propels Zhipu AI’s Market Value to Record HK$1 Trillion
In AI Pitch, Alibaba Chairman Urges Europe to Look Beyond U.S. Tech
Cover Story: China’s AI Boom Is Rewiring Its Power Grid
In Depth: How AI Is Rewiring White-Collar Work in China
Chipmaker YMTC Cedes Control of Foundry Unit Ahead of Mega IPO
Chinese Startup Manifold AI Raises Fresh Funding as Investors Bet on ‘World Models’
Crealights Takes Step Closer to Hong Kong IPO as Data Center Boom Fuels Growth Prospects
Tencent Lets AI Agent Make Purchases Through WeChat Pay

By Shen Lu / Nov 23, 2018 06:11 AM / Business & Tech

Photo: VCG

Photo: VCG

Germany’s BMW became the first foreign automaker to break into the world’s largest ride-hailing market in China after snagging an operating license in Chengdu.

Local transportation authorities in the capital of the southwest province of Sichuan told Caixin that it awarded a ride-hailing business license to BMW’s China unit BMW Mobility Service Ltd. Reuters reported that BMW plans to launch the service in Chengdu in December. BMW didn’t respond to a Caixin inquiry.

BMW Mobility, a wholly owned subsidiary, was registered in Sichuan in April, and its services include online taxi booking and car rentals.

A growing number of traditional carmakers, including state-owned SAIC Motor and private Zhejiang Geely Automobile Holdings, have tapped the booming ride-hailing market in China, which is largely dominated by Didi Chuxing.

Share this article
Open WeChat and scan the QR code