GM Makes Strategic Investment in Yi Wei Xing
Summary
SHANGHAI – GM announced today an investment in Yi Wei Xing (Beijing) Technology Co., Ltd. (Yi Wei Xing), a leading car-sharing technology solution provider in China, as another move in exploring personal mobility in China. The investment and strategic alliance will leverage Yi Wei Xing’s technical offering, and are in line with GM’s drive to explore new car-sharing models, gain insights into China’s rapidly changing car-sharing market and develop a deep understanding of Chinese consumers’ personal mobility needs. “Every market has its unique requirements for car-sharing services,” said Julia Steyn, GM vice president of Urban Mobility Programs. “Yi Wei Xing has solid technologies and innovations that will help us explore more efficient and personalized mobility solutions for consumers in China.” General Motors traces its roots back to 1908. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands.