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BMW makes inroads into China

Nov 22, 2018 by The Passage Team
BMW makes inroads into China

BMW is making inroads into the ride-hailing business in China after securing a permit in Chengdu, making it the first global carmaker to obtain this kind of access in the world’s largest mobility market.

Transport authorities in Chengdu, capital of southwestern Sichuan province, awarded the licence earlier this month to the company’s subsidiary, BMW Mobility, according to an announcement late on Wednesday.

The permit will enable the German carmaker to provide online booked taxi services in the city, according to the statement. BMW did not reveal details of the expected fleet size or when it will launch services.

Source: South China Morning Post

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