BAIC Invests 1 billion in Promising Car-sharing Service

Shanghai, March 20th, Gasgoo - “Car-sharing can improve the utilization efficiency of the private cars , for now private cars' idle cycle sits above 80%, causing a huge waste. ”said the BJ Travel vice general manager Wang Yujing on the the third session of China Auto Finance Annual Conference. Wang also pointed out that the purchase restrict policies in big cities are drawing the costs of car ownership higher for which more and more customers are turning to car-sharing service.

He also believes that the development of the auto industry is gradually more favorable for car-sharing:first, the regulating systems are more complete and the consumer ideas of car usage are changing.What’s more ,the parking spaces are limited and the exhaust emissions are paid more attention to.

“Everyday more than 450 million people needs the transportation in China now ,car-sharing service provides another choice between the public transportations and private cars,so there is a great opportunity for the car-sharing service with a rapid growth.

BAIC motors began its work on car-sharing and ride-hailing services in 2014 and pioneers in the car-sharing market by setting up several car-sharing brands like B.J Travel and Ready-Go,which leads a experimental change on the use of the government cars.

BAIC invests 1 billion RMB in the new energy car-sharing services as well as developing the group purchase market. BAIC has purchased 6,549 full electric vehicles with 800 million,which  spread in 706 spots in Beijing around the business areas,transportation hubs .,industrial parks and other highly-populated areas.

Based on Beijing,BAIC motors aims to promote their car-sharing service to other first-tier cities and tourist cities offering specialized services and products for each individual city. For the operations mode, BAIC says they will cooperate with the third party on the parking lots,the charging stations later or they will work together by creating joint ventures.