Facilities & Property Management News South Africa

GM takes stake in China car-sharing startup

WASHINGTON: US automaker General Motors is taking a stake in the Chinese car-sharing startup Yi Wei Xing, expanding the company's global footprint in alternative and mobile-oriented transport.
GM takes stake in China car-sharing startup
©Brad Calkins via 123RF

Yi Wei Xing's smartphone app Feezu works with car-rental companies to let customers hire cars for short periods.

"Yi Wei Xing has solid technologies and innovations that will help us explore more efficient and personalised mobility solutions for consumers in China," Julia Steyn, GM vice president for urban mobility, said in a statement released on Tuesday.

The statement did not disclose the amount of GM's equity investment in Yi Wei Xing.

In January GM announced a $500 million investment in the ride-hailing service Lyft as the company joins the race to develop self-driving cars.

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz