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SAIC to launch ride-hailing services
Automotive News China | 2018/11/13

SAIC Motor Corp., a major state-owned automaker, said Monday it is about to launch ride-hailing services in China. 

SAIC said it will supply vehicles, repair and maintenance, auto financing and insurance services for car drivers who sign onto the ride-hailing provider -- Xiangdao Chuxing. 

Among Chinese carmakers, Zhejiang Geely Holdings Group and BAIC Motor Corp. have also launched ride-hailing services in China. 

Geely is also setting up a ride-hailing joint venture in the east China city of Hangzhou with Daimler AG to expand its presence in ride-hailing market currently dominated by Didi Chuxing. 

SAIC produces and markets passenger vehicles under its Roewe and MG brands as well as light-commercial vehicles under the Maxus marque.

In the first ten months of the year, combined sales of Roewe and MG surged 37 percent to nearly 570,000 behind new models and plug-in hybrids.

With new models, the Maxus brand delivered 101,736 vans, large SUVs and pickups in the same period, a jump of 19 percent from a year earlier.

SAIC, based in Shanghai, also runs light-vehicle joint ventures with General Motors and Volkswagen Group.

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