Three of China’s largest auto manufacturers joined forces in new joint venture to develop ride sharing platform that will compete with Didi Chuxing

Briefing

July 27, 2018

Briefing	New Ridesharing Platform – Chinese auto firms FAW Group, Dongfeng Automobile, and Chongqing Changan Automobile started joint venture T3 Mobile Travel Services, which will offer ride sharing services in China Invitation for Partnerships – Will work with partners from different industries to develop ride sharing platform, as well as driverless cars Potential Benefits – Include safer and more efficient transportation services for customers Competition – Joint venture will compete with Didi Chuxing, one of world’s largest ridesharing companies and biggest player in China
Accelerator	Collaborative and Sharing Economy, Transportation and Mobility
Market Disruption	Access Over Ownership, Innovation Partnerships
Business Model and Practices Business Model and Practices	Innovative Partnerships
Sector	Transportation and Logistics
Organization	Chongqing Changan Automobile Co. Ltd., DongFeng Automobile Co. Ltd., FAW Group Corp.
Source	"China auto firms to set up ride-sharing platform," Reuters, http://www.reuters.com/; Fingas, J., "Chinese car giants team up on a ridesharing platform", Engadget, https://www.engadget.com/; AcceleratingBiz analysis
Original Publication Date	July 14, 2018

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