General Motors invests in Chinese car sharing app

General Motors has not disclosed the amount of investment made in YI Wei Xing (Beijing) Technology Co Ltd

Overdrive October 13, 2016 17:50:36 IST
General Motors invests in Chinese car sharing app

Of late, quite a few car manufacturers have begun investing in car rental and car sharing services. In May this year, BMW invested an undisclosed amount in a carpooling mobile application called Scoop. Toyota has invested an undisclosed sum in Uber while Volkswagen has invested Rs 2,000 crore into car rental company Gett.

At the start of this year,

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