China has tightened the rules governing its booming car-sharing market in an effort to ensure the services develop in an orderly manner.
The 37 rental car-sharing companies in China operate about 6,000 electric vehicles in Beijing, Shanghai and Guangzhou. That number will rise to 30,000 in 50 cities by the end of 2017, says Analysys, a Chinese research firm.
Another 6,000 or so rental car companies have begun offering car-sharing services, and Analysys projects the service will generate transaction volumes of about $1bn in 2020.
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