Ride-hailing unicorn Didi Chuxing to develop network of electric vehicle charging stations

By BizClik Admin

Didi Chuxing, Chinese ride-hailing Unicorn and the biggest player in its market in the country, is planning to develop its own network of charging stations for electric vehicles.

Did claims to have 450mn users and 21mn drivers worldwide, and its global fleet includes over 260,000 electric vehicles.

This was announced at today’s sustainable energy summit in Beijing, sponsored by the UN and the Global Energy Interconnection Development and Cooperation Organisation (GEIDCO).

See also: 

Tesla to open new factory in Shanghai 

Baidu to launch self-driving bus in China

Business Review Asia - November edition now live! 

CEO and founder Cheng Wei said at the summit: “Didi’s charging networks will not only cover our own fleet… it will also serve families and the public.”

The charging system points will be built through joint venture projects. GEIDCO, which is based in Beijing and promotes sustainable energy use on a global scale, will invest as a key partner in the first joint venture.

The first project to take place will be “Orange Energy” which will map existing charging stations in cities and display them on the Didi driver’s app. According to Tech in Asia, this will first be rolled out in pilot cities before being expanded across China, and will subsequently offered to other users outside DID’s driver network.

As the largest car market in the world, and since promising to exclusively produce hybrid and electric car in coming years, China presents a growing opportunity for providers of electric vehicles and the necessary charging stations for them to run. Also, measures to decrease pollution and congestion will benefit the ride-hailing industry.

In 2016, around 500,000 hybrids and EVs were sold in China, which was four times as many as the US, the second-largest car market in the world.

There are around 300,000 charging points for electric vehicles in the country at present but these are largely less efficient that Didi’s are intended to be.

By 2020, Didi aims to increase its EV fleet from 260,000 to one million. The firm is also forming partnerships with some local governments with the aim of easing congestion in highly populated areas.



Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia


Huawei smartwatch goes for gold with Ultimate Edition


How IKEA India plans to double business, triple headcount

Corporate Finance