Shanghai (ZXZC)- Recently, Mobike signs agreement with Guizhou Xinte Electric Motor to conduct cooperation in customized sharing vehicles, E-electric vehicles, constructing sharing platforms for intelligent electric vehicles and establishing investment funds for sharing vehicles.

It’s reported that the project is part of a new energy industrial fund project with a total investment of RMB 10b in Guizhou Province. Guizhou Xinte Electric Motor will produce customized Mocar specialized products, hinting that Mobike car-sharing platform may be renamed as “Mocar” in the future.

In June, Mobike registered a new travelling service company and signed strategic agreement with Shouqi Limousine & Chauffeur, a ride-sharing service provider in September. Now Mobike APP covers ride-sharing services in cities including Guangzhou, Shanghai, Shenzhen and Wuhan. 

The whole Mobike founding team is closely connected with vehicles. The production of sharing bikes also takes the designs of motor vehicles as reference including the mobike classic frame, solar panel basket and wheel boss. 

Once marching into car-sharing market, Mobike will face direct competition with Didi. Undoubtedly, Mobike will still focus on sharing bike market in the following period.