China 's Geely Holding Group plans to launch a high - end car rental and ride - hailing app , a spokesman said yesterday , entering a debate hotly contested by consumers and China 's Didi Kuaidi . Geely motors , owner of automaker Geely Automobile Holdings , has established a company to develop the service called Caocao , according to a spokesman , however he declined to say how much Geely would invest in the service . Caocao aims to be more upmarket than Uber , offering both rides and rental cars with a variety of add - on services , and will launch only in selected cities . " We can provide driver , we can provide a translator , we can provide a body kit if you need , " said the spokesman . Lastly , the service will include electric vehicles , but there is no information about whether that will mean Caocao ’s cars will be exclusively electric .
China's Geely Holding Group plans to launch a high-end car rental and ride-hailing app, a spokesman said yesterday, entering a business hotly contested by Uber and China's Didi Kuaidi. Geely Holding, owner of automaker Geely Automobile Holdings, has established a subsidiary to develop the service called Caocao, according to a spokesman, however he declined to say how much Geely would invest in the service. Caocao aims to be more upmarket than Uber, offering both rides and rental cars with a variety of add-on services, and will launch only in selected cities. "We can provide driver, we can provide a translator, we can provide a body guard if you need," said the spokesman. Lastly, the service will incorporate electric vehicles, but there is no information about whether that will mean Caocao’s cars will be exclusively electric.