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Way forward for auto business lies in automobile sharing, Chinese language executives say – Information by Automobilnews.eu

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Way forward for auto business lies in automobile sharing, Chinese language executives say


With out giving a lot element on a plan, Feng mentioned he favored a method of coming into — somewhat than avoiding — the automobile sharing financial system, which he mentioned can nonetheless generate numerous revenue for an organization.

Nevertheless, such a speedy change in client tastes may give start-ups a bonus.

Shen, previously a director at Fiat Chrysler and Chinese language automaker Geely, mentioned conventional automakers are too targeted on promoting automobiles somewhat than enhancing consumer experiences. He mentioned his firm’s concentrate on software program and newness to the market means he has every little thing to achieve and little to lose from a shift to trip sharing.

Shen based WM Motor — which stands for “world champion” in German — in 2015 and the corporate has acquired greater than $1 billion in funding, based on Crunchbase.

The rise of automobile sharing may result in new sorts of residing environments in China as Beijing tries to encourage technological and concrete developments via “good cities.”

“If we are able to allocate the seats as a substitute of autos … then we are able to use the transportation system extra effectively,” Henry Liu, vice chairman, chief scientist of good transportation at Didi, mentioned throughout a convention session.

“If you concentrate on the longer term metropolis, I believe the longer term metropolis may have a lot much less when it comes to parking areas, street areas, as a result of we do not actually need that a lot of areas for autos,” Liu mentioned. “At that second, I believe we now have an autonomous car fleet. They usually can serve the transportation demand.”

Way forward for auto business lies in automobile sharing, Chinese language executives say – Information by Automobilnews.eu
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