Toyota China Venture Sells 400 Camrys to Beijing Taxi OperatorBloomberg News
Toyota Motor Corp.’s joint venture with Guangzhou Automobile Group Co. delivered 400 hybrid Camry cars to a Beijing cab company in one of the biggest taxi-fleet sales of dual-powered vehicles in China.
Beijing Xianglong Taxi Co. took delivery of the cars in Beijing on Thursday and will use them for its online ride-booking service, GAC Toyota said in a statement. The sale by Toyota comes despite the central government directing local city governments to push for the adoption of electric vehicles for their taxi and public bus fleets.
Taxi companies are expanding into providing on-demand chauffeured cars after companies like Uber Technologies Inc. offered ride bookings through smartphone apps, threatening the grip on paid transportation by traditional cab operators.
The central government released proposed rules governing the provision of Internet-based ride-hailing services, requiring them to use commercially registered cars and giving local authorities the power to determine the number of permits to grant such companies.
— With assistance by Ying Tian
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