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China’s largest ride-sharing firm moves into charging

Didi Chuxing CEO Cheng Wei delivers a speech at the United Nations

Didi Chuxing to build charging network across China to support growing fleet of EVs

Didi Chuxing, China’s largest ride-sharing company, plans to build an electric vehicle charging network across China.

The company has more than 260,000 EVs in use globally, which it says it is the largest such fleet of electric cars anywhere. The company provides the world’s largest online transportation platform, with more than 450 million users and 21 million drivers.

As many as 25 million rides are completed on its network daily, it says – twice as many as the rest of the world combined – and is valued at around US$50 billion following its acquisition of Uber’s business in mainland China.

Didi Chuxing will form joint ventures to build the network. “We have started new joint venture projects to build our own EV charging systems,” confirmed CEO Cheng Wei. “DiDi’s charging networks will not only cover our own fleet. It will also serve families and the public.”

The number of charging points and the total amount of investment were not stated.

The Global Energy Interconnection Development and Cooperation Organisation (GEIDCO) of Beijing will invest in Didi’s first joint venture, named Orange Energy, according to Tech in Asia. Orange Energy will display existing charging stations in the Didi app.

The company is also working to introduce AI technology into integrated urban traffic management systems across China, and Cheng added that the company intends to reach 1 million EVs in its fleet by 2020.

 

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