Uber and Guangzhou Automobile Form Strategic Partnership in China – Electric Cars a Focus

Guangzhou Automobile Group Co., Ltd. (GAC) announced that it has become a strategic investor of Uber China in Dec. 21, 2015. The investment amount was undisclosed. This can be part of Uber China’s (ongoing maybe) Series B round fundraising, with a valuation of $6-7 billion. Moreover, Uber filed documents for a $2.1 billion Series G round fundraising on Dec. 3, 2015, which could lead to a value of $64.6 billion afterwards.

GAC is controlled by Guangzhou Automobile Industry Group, which is a Fortune Global 500 company (ranked at No. 362 in 2015, with revenues of $33.237 billion in 2014). GAC’s revenues in the first 3 quarters of 2015 are $2.92 billion (or 18.95 billion yuan), increased by 21.2% as compared with the same period of 2014. The company also has joint ventures with carmakers such as Honda, Toyota and Fiat in China.

Uber and GAC will collaborate on promoting electric cars, besides investment, sales and marketing. GAC currently produces an electric SUV Trumpchi GS4 EV and a range-extended electric sedan (a type of plug-in hybrid) Trumpchi GA5 REV. Trumpchi GS4 EV has an electro-range (a car’s range on electric) of 150 miles (or 240 km) while Trumpchi GA5 REV’s electro-range is 50 miles (or 80 km). The carmaker will start to sell another 2 models in 2016 as well – plug-in hybrid sedan Trumpchi GA3S PHEV and SUV GS4 PHEV.

This partnership is believed to benefit GAC in terms of fast growth in the market of new energy cars, both domestically and globally. In first half of 2015, GAC was ranked at No. 3 in China in terms of the number of plug-in hybrid electric cars produced but was outside of top 10 for electric cars. On the other hand, the partnership can help Uber building up an environmental-friendly image. As a company offering ridesharing services, it has direct relevance to greenhouse gas emissions and our ecosystems, in a positive way. According to US Environmental Protection Agency (EPA), transportation accounts for 27% of US greenhouse gas emissions and 90% of the fuel in this category consists of gasoline and diesel.

Uber, in March 2015, put a first fleet of 25 electric cars on the road of Chicago, in collaboration with Green Wheels and BYD. The electric cars are BYD e6, with a real-world range of about 140 miles.

This Post Has 24 Comments

  1. Excellent beat ! I wish to apprentice whilst you amend your website, how
    could i subscribe for a blog web site? The account aided
    me a applicable deal. I have been a little bit acquainted of this
    your broadcast provided vivid clear idea

  2. If you wait till 2015, you are visiting lag several of your competitors who have actually
    been practicing, and also understanding these Search Engine Optimization elements all year.

  3. Hello, I enjoy reading through your post. I wanted to write a little comment to support

  4. If some one needs expert view on the topic of running a blog afterward i suggest him/her to go to see this website, Keep up the nice job.

  5. My partner and I stumbled over here by a different page and
    thought I might check things out. I like what I see so now i am following you.
    Look forward to exploring your web page again.

  6. This post is really a good one it helps new net users, who are wishing for blogging.

  7. Definitely consider that which you stated. Your favourite reason seemed to be at the net the simplest thing to have in mind of.
    I say to you, I definitely get annoyed whilst people think about issues that
    they plainly do not recognise about. You managed to hit the nail
    upon the top and outlined out the whole thing with no need side-effects , other folks can take a signal.
    Will probably be back to get more. Thanks

  8. Efficient SEO– Search Engine Optimization that is dealing with Google rather than against it, that will
    withstand formula updates and also marketing fads– is marketing, customer care, sales, Public Relations, internet, and branding property development.

  9. I think that there are so many people that do not understand the link in between word count and
    also SEO.

  10. Fantastic web site. Plenty of helpful info here.
    I’m sending it to a few friends ans additionally sharing in delicious.
    And of course, thank you to your effort!

  11. Thank you for some other wonderful post. Where else may anyone
    get that kind of info in such an ideal way of writing? I have a presentation next week,
    and I’m on the look for such information.

  12. Wow, this piece of writing is pleasant, my younger sister is analyzing
    such things, therefore I am going to inform her.

  13. Hi there, You have done an excellent job. I will definitely digg it and personally
    suggest to myy friends. I am sure they will
    be benefited from this site.

  14. Having read this I thought it was really enlightening.
    I appreciate you spending some time and energy to put this content
    together. I once again find myself spending a lot of time
    both reading and commenting. But so what, it was still worthwhile!

  15. Actually whether someone doesn’t be aware of then its up to other users that they can assist, so here it occurs.

  16. Hello friends, pleasant paragraph and good arguments commented
    at this place, I am truly enjoying by these.

  17. I just want to say I’m very new to blogs and absolutely savored this website. Almost certainly I’m going to bookmark your blog post . You absolutely have perfect stories. Many thanks for revealing your webpage.

  18. Its wonderful as your other posts : D, thankyou for putting up. “To be at peace with ourselves we need to know ourselves.” by Caitlin Matthews.

  19. I got what you mean , regards for posting .Woh I am thankful to find this website through google. “It is a very hard undertaking to seek to please everybody.” by Publilius Syrus.

Leave a Reply

Close Menu