GM Invests in Chinese Startup Focused on Car Rental Technology

Motor City Mobility

Article Source Fortune

General Motors has invested in a Chinese technology company that has built a service for arranging short-term car rentals, part of a broader push by the automaker to expand beyond its roots.

General Motors said Tuesday it has invested an undisclosed amount in Yi Wei Xing Technology “as another move in exploring personal mobility in China.” Yi Wei Xing is the company behind Feezu, a service that can be used by traditional car rental companies to rent cars by the hour or in even smaller increments. Continue reading