Yidao will continue to put new energy vehicles into circulation

18/12/2018

Yidao will also build a charging pile network for the car-hailing service in Beijing

 

Yidao Yongche is a Chinese domestic e-commerce website platform that enables users to book professional car reservation services online and in recent months there has been talk of a possible economic difficulty. Despite this rumors, embattled Chinese ride-hailing platform Yidao Yongche will continue with plans to put 1,000 new energy vehicles into circulation the northern city of Jinan.

Furthermore, according to a statement from the Beijing-based company, Yidao will also build a charging pile network for the car-hailing service in the city of Beijing and will install its first batch of 500 charging outlets in Jinan to achieve citywide coverage within 12 months.

 

Yidao Yongche is rumored to have fallen into financial distress after its founder and former CEO claimed that 1.3 billion yuan ($189 million) was appropriated from the company by its top stakeholder.

 

In addition to its financial problems, Yidao has been fighting for liquidity in recent years amid the fierce competition of Didi Chuxing and Uber and, before obtaining new funding, has failed to pay its drivers.

The Chinese company’s commitment does not seem to want to stop and the company has sought and obtained a license for the Jinan auto-license and will use the city as a pilot area for its NEV boost. It aims to push the strategy nationwide in the future.

 

 

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