Didi Chuxing is a ride-hailing giant from China. Currently, the company has teamed up with BP to build electric vehicle charging stations. Didi Chuxing’s electric vehicle charging network will be built across China.
The company announced it on Thursday. It said that it would form a joint venture with the British oil major. Besides, they also said that they aim to provide charging services to both Didi and non-Didi car owners.
Meanwhile, BP is a British multinational oil and gas company. BP’s headquarter is in London, United Kingdom. It is one of the world’s seven oil and gas giants.
BP has already linked its first charging site in the Chinese port city of Guangzhou. At the same place, Didi’s open automobile solutions platform. The Chinese firm pumped $1 billion into its auto services business, called XAS, last year.
Their broader aim is to scale up the charging network “significantly” in China. They expect that can happen after the joint venture with BP is established, Didi said.
By combining the strength of both companies, they want to create a robust electric vehicle charging network in China. Therefore, once the network is established it will cultivate the growth of the new energy automotive industry. The company wants to also provide a better experience for car owners across the country.
China’s Electric Vehicle Market
These days, China has given subsidies to the auto company. Furthermore, a number of start-ups, including Xpeng and WM Motors, have emerged. These companies aim to challenge U.S. giant Tesla. Thus, a year ago China has quickly become the world’s largest market for electric cars.
However, the country’s Electric Vehicle market has shown signs of slowing growth. The main reasons are the U.S.-China trade war and a paring back of government support.
Didi has made waves in China’s ride-hailing scene. It has bought Uber’soperations there in 2016. Moreover, the firm has been slowly expanding abroad into countries like Australia and Mexico.