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China Co. Sets Up EV-Sharing Platform
China Co. Sets Up EV-Sharing Platform

China Co. Sets Up EV-Sharing Platform

China Co. Sets Up EV-Sharing Platform

China’s Didi Chuxing is teaming up with 12 automakers including the Renault-Nissan-Mitsubishi alliance to build an electric-vehicle-sharing network in the world’s largest auto market. Didi, the dominant ride-hailing company in China, launched its car-sharing platform Wednesday, the Chinese startup said in a statement, the Fortune reported. China surpassed the US as the top market for electric vehicles in 2015 thanks to government subsidies and stringent emission regulations. The government has set a goal to sell 7 million zero- and low-emission vehicles annually by 2025. As the auto industry transforms rapidly toward battery-powered vehicles and autonomous cars, major manufacturers are bracing for challenges including billions of dollars in investment with uncertain payoffs. The other 11 partners in the network are BAIC BJEV, BYD, Changan Automobile Group, Chery Automobile Group, Dongfeng Passenger Vehicle, First Auto Works, Geely Auto, Hawtai Motor, JAC Motors, KIA Motors, Renault-Nissan-Mitsubishi, and Zotye Auto.

 

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