Xiangdao Chuxing releases the "Three Ones" strategic goals, and ride hailing unicorns promote industry ecological construction. MomentaCFO | Momenta | Unicorn

Release time:Apr 14, 2024 21:30 PM

On August 15th, 2023, the Xiangdao Travel Partner Conference was held in Suzhou. The "Three Ones" strategy for Xiangdao Chuxing's 2024 business goals has been released, which means that on the basis of maintaining the top compliance rate of people and vehicles in the national ride hailing industry, the ride hailing business is planned to cover 100 cities in 2024, with daily orders exceeding 1 million.

Cai Bin, Chairman of Xiangdao Chuxing

Stage strategic goal: "Three Ones"

With the recovery of the national economy in the first half of 2023, the regulatory policies of the domestic ride hailing industry are increasingly showing a trend of "stricter regulation", "healthy transparency", and "healthy competition". "Compliance" has become the main theme of the development of the travel market.

Xiangdao Chuxing releases the "Three Ones" strategic goals, and ride hailing unicorns promote industry ecological construction. MomentaCFO | Momenta | Unicorn

Ni Licheng, CEO of Xiangdao Chuxing

At the 2023 Xiangdao Travel Partner Conference, Xiangdao Travel CEO Ni Licheng gave a keynote speech, reviewing the business achievements of Xiangdao Travel's ride hailing capacity reaching new heights, achieving efficient growth in daily order volume and GMV, and maintaining industry-leading compliance rates with the participation of national partners over the past year; Through measures such as AI matching systems and intelligent heat map upgrades, the hourly income of platform drivers has directly increased by 30%; The Xiangxue small car, luxury car, and Xiangdao Robotaxi have also achieved a double harvest of order growth and high reputation.

In the second half of this year, under the theme of expanding domestic demand and boosting confidence, Xiangdao Chuxing plans to actively expand the urban scale of ride hailing services, while further refining the operation of urban business products, improving the construction of transportation capacity ecosystem, effectively improving transportation capacity efficiency through AI intelligent iteration, fully utilizing the systematic resource advantages of SAIC Group, providing partners with advantageous vehicle models and charging and swapping service resources support, and jointly striving towards the "Three Ones" 2024 goal - that is, adhering to compliant operation and maintaining the industry's first platform for compliance rate of people and vehicles, Xiangdao Chuxing's ride hailing services plan covers 100 cities in China, with daily orders exceeding 1 million.

"What survives in nature is neither the strongest nor the smartest, but the most adaptable to change." At the end of the speech, Ni Licheng quoted a famous quote from Darwin's "On the Origin of Species" and shared with guests and partners the "development path" of road travel.

Innovation integration, industry win-win

Momenta participated in the B-round investment of Xiangdao Chuxing. On site, Momenta CFO Zhao Hongqiang shared Momenta's "one flywheel, two legs" strategy. The Xiangdao Robotaxi is the first L4 autonomous driving project of a domestic car company and one of SAIC Group's major innovative development strategies. Based on the Feifan Marvel R model, it is supported by Momenta's autonomous driving technology and jointly developed with the Xiangdao Travel Platform.

Recently, Xiangdao Robotaxi was awarded 15 of the first batch of intelligent connected vehicle demonstration operation licenses in Suzhou, marking the next step in its commercial operation. Xiangdao Robotaxi will soon launch a commercial pilot for the public. Suzhou citizens can call L4 level autonomous vehicles in real time through the Xiangdao Travel app, experience Momenta's data-driven "flywheel L4" autonomous driving solution, and enjoy smart travel to the fullest.

Afterwards, Sui Liming, COO of Xiangdao Travel, reviewed a series of innovative measures and technological product upgrades over the past year, working together with partners to explore capacity services, promote the development of industry ecological health, and enhance the driver and passenger experience; Next, Xiangdao Travel will fully leverage the resource advantages of SAIC's industrial chain, empower the ride hailing ecosystem, assist partners in transforming their transportation capacity structure, and promote the industry to achieve healthy and win-win development and prosperity.

SAIC Passenger Cars, Feifan Motors, SAIC General Financial Leasing and other industry chain partners have also shared a series of policy measures, including SAIC's advantageous product models and policies for the ride hailing market, customized pure electric vehicle model planning, and comprehensive energy service station layout for ride hailing solutions. Together with Xiangdao Chuxing, they have created a model of deep industry chain integration, innovation, and win-win.

As a strategic mobile travel brand of SAIC Group, Xiangdao Chuxing completed a Series B financing of over 1 billion yuan in August last year, with a post investment valuation of 1 billion US dollars, officially entering the industry's "unicorn" category. Since 2023, Xiangdao Travel has accelerated the promotion of the national network ride hailing business layout, and has successively landed business in important cities across the country such as Liuzhou in Guangxi, Shenyang in Liaoning, Dalian, and Urumqi in Xinjiang. This partner conference brings together heavyweight partners from various fields in the industry to jointly create a win-win travel ecosystem and once again demonstrate the strong strength of enterprise development.

【 Quick News 】 SAIC Releases Half Year Report with Double Growth in Revenue and Net Profit

SAIC Group released its 2023 semi annual report today. In the first half of this year, the company achieved wholesale sales of 2.072 million vehicles and terminal retail sales of 2.237 million vehicles, continuing to maintain its leading position in the domestic industry, and monthly sales continued to grow month on month. Sales in the second quarter increased by 32.5% compared to the first quarter, outperforming the overall market growth rate. In the first half of the year, SAIC's overseas sales reached 533000 vehicles, continuing to lead the industry; The sales of new energy vehicles reached 372000 units, ranking second among Chinese car companies and maintaining a "month on month continuous increase" since January. During the reporting period, the company achieved a combined total operating revenue of 326.55 billion yuan, a year-on-year increase of 3.34%, and a net profit attributable to shareholders of the listed company of 7.09 billion yuan, a year-on-year increase of 2.54%, by optimizing its structure, reducing costs and increasing efficiency.

SAIC Maxus, in collaboration with the Wuxi government, provides subsidies for purchasing "StarCraft" pickup trucks to benefit the public

"The golden mountain is slowly flowing, and the tin water is devoid of vegetation and spring". The scenery of the Taihu Lake Lake is picturesque, and the scenery of lakes and mountains is intoxicating. Wuxi, known as the "Pearl of the Taihu Lake Lake", is not only home to many famous literati, but also an important economic center in eastern China, with developed industry and commerce. Since the lifting of the local pickup truck ban last year and the official implementation of the Wuxi Service Integration into the Shanghai Metropolitan Area Action Plan this year, the Wuxi pickup truck market has ushered in new opportunities for development. Diversified lifestyles such as mountain running, fishing, skiing, and camping have emerged, injecting fresh vitality into the local pickup truck life. On August 12th, the StarCraft pickup truck was heavily launched in Wuxi, shining in the East China region with its hardcore quality. At the delivery ceremony, the first batch of interstellar pickup truck owners also officially picked up their beloved cars, taking the lead in embarking on a "interstellar" journey. On site by SAIC Maxus MA

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