The market value of shared travel will reach $1.5 trillion.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: NIU Xiao Tong.
Author | Niu Xiaotong
Editor | Li Huanhuan
Layout high-end travel services have become a new focus for car companies.
On November 13th, at the 5th World Zheshang Conference, Geely Automobile announced that its high-end travel brand “Yao Xing Xing” is currently in the internal testing stage and will officially start operations in Hangzhou in December.
“Yaohangxing” is Geely’s second travel service brand launched after “Cao Cao’s trip”, positioning high-end travel services, the use of models will include Mercedes-Benz S-class, E-class, V-class and other luxury models.
Li Shufu said at the meeting that Geely is promoting the construction of innovative technology enterprises and will gradually realize the transformation from automobile manufacturers to mobile travel service providers.
Geely’s exploration of travel services began in 2015, when Geely went online and started to use the B2C model to operate the new energy vehicle platform. Aurora Big Data released “2019 mobile Internet industry data research report” shows that in the third quarter, the number of monthly and daily users of Cao Cao’s travel app was the first in the B2C network car platform.
Before Geely has revealed that Cao Cao’s customized vehicle for the network is expected to be launched next year. Yao Yao will work with Cao Cao to build a Geely shared travel ecology. In the future, Cao Cao will also visit the Volocopter, which is being deployed by Geely Holding, to achieve a one-click “flying”.
In addition to Geely, more and more car companies have appeared in the field of travel. Audi China launched the Audi timeshare rental service in 2017. BMW launched the “BMW Instant Travel” high-end at the end of 2018. The network car service became the first foreign-funded enterprise to obtain the “Network Appointment Taxi Business License” in China.
PwC predicts that in 2030, the market value of shared travel in the US, Europe and China will reach 1.5 trillion US dollars (about 100368 billion yuan), and the average annual compound growth rate (2017~2030) is about 24 %.
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I am Niu Xiaotong, the author of the Future Auto Daily, focusing on the dynamics of the car and travel, and welcome the news and exchanges. My WeChat is NEXT0117, please add a note name, position, company.