BMW launches on­line ride-hail­ing ser­vice

China Daily (Canada) - - NEWS CAPSULE -

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.

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