BMW launches online ride-hailing service
BMW Group launched its ReachNow online ride-hailing service program in Chengdu, in Sichuan province, as part of the German luxury auto giant’s efforts to usher in the future of shared mobility in China.
According to the automaker, some 200 BMW 5 Series sedans -after one-month’s trial operation -- are ready to serve customers in Chengdu with the on-demand ride-hailing service.
A driver from BMW’s ReachNow ride-hailing service team said the new service’s starting price is $9.41, and it has a minimum charge of 140 yuan, with 10 yuan per kilometer for trips exceeding 5 km.
BMW Mobility Services got its online ride-hailing business license in November and BMW is the first internationally funded company to get this type of permit in China. (Photo 4) for about 60 percent of overall investment in China.
Private-sector fixed-asset investment rose 8.7 percent in January-November, compared with an increase of 8.8 percent in the first 10 months.
The data come at a time when the market expects headwinds in 2019, as challenges including weak demand and external turbulence persist.