Another state-owned automotive company has joined the already crowded ride-hailing market, after Shanghai-based Saic Motor set up a new department and started exploring ride-hailing business

FAW Group Corporation is partnering with Didi Chuxing, China’s largest ride-hailing platform, to hire drivers in Changchun, where FAW Group is based. According to a hiring manager with FAW, the company only provides one car model for now. The Corolla Hybrid is a new energy vehicle produced by FAW Toyota Motor Sales, a joint venture between FAW and Toyota.

Drivers first need to register with Didi, rent the Corolla Hybrid cars and then start providing the service. The rental business uses the rent-to-own model. Drivers need to make a down payment of RMB 20,000, a RMB 4,300 monthly payment for 3 years and a remaining balance of RMB 15,000. The rates of compensation and withdrawal commission will subject to Didi’s policy which hasn’t been settled yet.

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Jiefei Liu

Jiefei Liu is a Beijing based tech reporter. She focuses on the union of tech and content creation and loves agriculture. You can write to her at Jiefei@technode.com