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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.

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