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The Chinese bike sharing company, Mobike, is teaming up with a leading US chemical firm to carry out joint1 research and development into creating more eco-friendly bikes.
中国磨拜单车与美国一家化工企业展开联合研发,以创造更环保的单车。
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It's signed a strategic partnership2 deal with the American DOW Chemical Company's China branch to access its resources to find ways of improving the user experience and promoting the country's Green & Shared economy, reports ifeng.com.
Mobike's latest model, released in April, was based on DOW's PU (Polyurethane) material, resulting in a 20% reduction in weight.
The move follows Mobike's integration3 with China's largest solar cell manufacturer Hanergy Holding Group on May 2, and a strategic partnership hook up with the China Recycling Development Co., Ltd. on May 4.
Dubbed4 one of the world's largest bicycle operators, Mobike has entered the market in over 60 cities around the world, offering over 3.65 million bikes with an average of more than 20 million daily rides.
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