Caixin
Dec 20, 2018 05:45 AM
BUSINESS & TECH

China’s Biggest Carmaker Rolls Into Ride-Sharing Market

SAIC Motor launches ride-hailing service Xiangdao Chuxing. Photo: VCG
SAIC Motor launches ride-hailing service Xiangdao Chuxing. Photo: VCG

SAIC Motor Corp., China’s largest automaker, became the latest conventional automaker to roll into the burgeoning ride-hailing market in search of a new source of growth.

SAIC Motor unveiled its ride-hailing brand, Xiangdao Chuxing, on Tuesday. The company will put 1,000 vehicles in service starting in Shanghai and expanding into more cities next year, according to the Shanghai-based automaker.

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