NEW POWER(SZ:300152) Qi Lu Wan Bao·2025-12-30 05:16Core Viewpoint - The introduction of new metro lines in Jinan has significantly reduced transportation costs for residents, leading to a decline in taxi demand and driver income, prompting the taxi industry to reassess its positioning in the market [1][3]. Industry Impact - Taxi drivers are experiencing a notable decrease in income, with waiting times for fares increasing significantly. For instance, a driver reported that it now takes over eight hours to secure a major fare, compared to five hours previously [3]. - A specific case highlighted that a taxi driver earned only 248.5 yuan in a full day of work, down from over 400 yuan on weekends before the metro lines opened, indicating a substantial drop in earnings [3]. - The early morning peak hours have seen a drastic reduction in earnings, with one driver stating he made only 50 yuan during this time, compared to 70-80 yuan before the metro's introduction [3]. Service Improvement - Despite the challenges, the compliance level within the Jinan taxi industry has improved, with a reported 47.94% decrease in complaints in 2024 compared to the previous year [6]. - The compliance rate for ride-hailing services has increased from 84.5% in 2023 to 92.6%, moving from 17th to 7th place among 36 major cities in China [6]. - Enhanced regulatory measures, including the installation of recording devices in taxis and strict penalties for violations, have contributed to a significant reduction in complaints [6][7]. Expert Analysis - Experts suggest that the relationship between taxis and the metro system is evolving from competition to a complementary one, with potential for mutual benefits [8]. - Dynamic pricing strategies for taxis could be a solution to remain competitive, especially during adverse weather conditions when ride-hailing prices increase [8]. - The overall efficiency of the transportation system is expected to improve, with the potential for taxis to benefit from increased demand during off-peak hours and in areas not covered by the metro [9].