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Championed by Teslas Elon Musk, hyperloop works by propelling a pod-like vehicle through a reduced-pressure tube at the speed of sound.
Changsha, Central China's Hunan province, has developed fast and made great achievements in pillar industries such as industrial equipment manufacturing, culture, medicine and automobile in the decade since the financial crisis in 2008.
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Channeling funds from the overseas and domestic markets for infrastructure construction in the Greater Bay Area will be an effective measure to speed up cross-border financial connections, said Yu Lingqu, deputy director of the Department of Finance and Modern Industries at Shenzhen-based think tank the China Development Institute.
Challenges aheadHowever, the prospect is not as good as it looks. Both companies are facing the same problem of how to make money, as traditional dealerships have increasingly thinner profits from selling cars. "We want to try the business model first. If the model works, we will eventually make money from automakers," said Chen Ran, general manager of Gome's auto business division. For a car market to be a success, effective coordination is needed among car makers, 4S stores, insurance companies and accessory producers to realize a one-stop shopping experience like that in traditional supermarkets, said Chen Hao, president of Jiangsu-based dealership company Xiezhong Auto. "In the future, car sellers should provide a more and more personalized service targeting a small niche market. Thus, car markets face the tough test of adapting to changing demand," he said. The newcomers will also be confronted with other segments of the car sales market, including e-commerce giants, used car dealers and group buying service providers. Suning's Liu said price might not be the advantage of car markets, but the company would ensure price transparency, a full range of products and reliable quality. "Our greatest strength is breaking the single-brand bottleneck of 4S shops and giving customers a new buying experience," Liu said.
来源：资阳报