Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
XAG Bets on Smart Farm Tech as Drone Turf Gets Crowded
Nexperia China Chip Supplies to Soon Resume, Dutch Official Says
China’s eVTOL Makers Turn to Hybrid Power to Boost Range and Cut Costs
LATEST
XAG Bets on Smart Farm Tech as Drone Turf Gets Crowded
Nexperia China Chip Supplies to Soon Resume, Dutch Official Says
China’s eVTOL Makers Turn to Hybrid Power to Boost Range and Cut Costs
Dutch Chipmaker Nexperia Denies Reports of Chinese CEO’s Reinstatement
Pony AI, WeRide Tumble in Hong Kong Debut Amid Robotaxi Doubts
Nexperia Denies Rumors of China-EU Deal to Resolve Dispute Over Control
Tech Brief (Nov. 5): China Blames Netherlands for Turmoil After Nexperia Halts Wafer Supply
Tencent-Backed Mininglamp Technology Doubles in Hong Kong Debut
Nexperia Halts Wafer Supply to Chinese Unit Amid Deepening Spat
Former China Unicom Executive Gets 12 Years for Taking $3.8 Million in Bribes
Huawei’s Bold AI Bet Aims to Fill Nvidia’s Void in China
China’s STAR Market Embraces Unprofitable Tech With $14.6 Billion ESWIN Debut
China Mobile Names China Unicom Chief as New Chairman
MiniMax Unveils M2 Model to Compete on Speed and Cost
Pony AI, WeRide Seek to Raise Combined $1.3 Billion in Hong Kong
Chinese Firms Urged to Fortify Online Brands as Cybersquatting Costs Mount
China Debuts Ultrafast Oscilloscope in Drive to Break Tech Barriers
U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms
DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs
Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO

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