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On November 10th 2015, leaders from eight Chinese industry giants inked their names on a multi-party declarationto promote “Car-Share 4.0” project during a strategic press conference held in Xixi valley, a new high-tech park in Hangzhou, China.

Gasgoo.com (Shanghai) - As the total number of automobiles on Chinese roads continues to increase, it has become an inevitable fact that market growth will also drop off. In spite of this, it was unexpected by many that market growth rates would fall as far as they did this year. Earlier this year, the China Association of Automobile Manufacturers revised its sales growth forecast for 2015 from 7% down to just 3%. The sedan segment has been pointed out in particular for slowing the overall market down.

Gasgoo.com (Shanghai) - After a continuous decrease from June, the Chinese passenger automotive market began to show slight signs of recovery in September. According to statistics from Gasgoo.com (Chinese), a total of 1.69 million passenger automobiles were sold in China in the month of September, up 6.1% from the 1.61 million automobiles sold last September. 13.8 million passenger automobiles have been sold in the country from January to September, representing positive year-on-year growth of 5.2%.