出租车 (chūzūchē) means 'taxi' or 'cab.' It literally translates to 'rental vehicle,' combining 出租 (to rent out) with 车 (vehicle). It is the standard term for taxi in mainland China.
外面在下雨,我们打出租车去吧。
Wàimiàn zài xiàyǔ, wǒmen dǎ chūzūchē qù ba.
It's raining outside; let's take a taxi.
在这个城市打出租车比坐地铁贵多了。
Zài zhège chéngshì dǎ chūzūchē bǐ zuò dìtiě guì duō le.
Taking a taxi in this city is much more expensive than taking the subway.
我叫了一辆出租车,五分钟就到。
Wǒ jiào le yī liàng chūzūchē, wǔ fēnzhōng jiù dào.
I called a taxi; it'll be here in five minutes.