Mexican Media Brands
China May Require Licensing for Ride-Hailing Services
China is pondering new rules that would require app-based ride-hailing services such as Didi Kuaidi and Uber to use only commercially licensed vehicles and drivers, sources tell Bloomberg News.
Share
China is pondering new rules that would require app-based ride-hailing services such as Didi Kuaidi and Uber to use only commercially licensed vehicles and drivers, sources tell Bloomberg News.
The restrictions would ban such services from charging below-cost rates for the sake of disrupting standard taxi services, according to the sources. They also say the rules would require vehicles used for ride hailing to be insured for commercial use, pay more taxes and be retired after eight years of service.
Current car-hailing services generally use private owners driving their own vehicles to carry passengers who use smartphone apps to summon them. Bloomberg notes the proposed rules would legitimize the services but also fundamentally alter their business model. It adds that the ability of local governments to control licensing could hamper the growth of the new car-hailing services.
RELATED CONTENT
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
