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New guidelines to promote healthy development of car sharing

BEIJING – China has launched new guidelines to support the country’s booming car sharing industry and standardize its development. The Guidelines to Boost Healthy Development of Vehicle Rental and Leasing was jointly released by the Ministry of Transport (MOT) and the Ministry of Housing and Urban-Rural Development (MHURD) on August

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New regulation on car hailing services to boost sharing economy

First, it was the release of new regulation on July 28 to offer legitimacy for car hailing services. Then, it was Didi Chuxing’s acquisition of Uber China on August 1. These events may quite likely to boost the industry that has operated in a grey area and further nurture the

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Vehicle sharing provides opportunity to experience different vehicles

People’s lifestyles are changing and consumers are seeking diverse ways of mobility, according to Wang Yanmin, co-founder and CEO of Yiqi Auto, the tri-partite EV rental joint venture established by Chery, Pateo and Yidao Yongche (yongche.com). “People may want to drive one car on one day and a different

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Ctrip leads over $100 million investment in eHi Auto Services

SHANGHAI -- eHi Auto Services, a Shanghai-based leading car rental company in China, announced today (December 20) that it has received an investment of over $100 million from Ctrip.com International Ltd., the largest online travel agency in China, and existing investors. Ctrip will become the second largest strategic

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