DiDi Creates EV Services JV with Hainan Government and China Southern Power Grid

Today, Didi Chuxing (“DiDi”) entered into a strategic partnership with the government of Hainan Province and China Southern Power Grid (“CSPG”). Under the partnership, DiDi’s auto-solutions business, CSPG’s EV arm, and Hainan Transport Investment Holding Company Limited (“Hainan Transport Investment”) will form a joint venture to provide comprehensive EV service solutions, including the expansion of EV charging infrastructure and leasing and sales operations in Hainan.
In this major breakthrough in EV-sector public-private partnership, the parties will contribute their diverse resources to the partnership, including land resources, charging network maintenance capabilities and large-scale demand base from fleet operations. As the world largest new-energy fleet operator with over 600,000 EVs running on its platform, DiDi will leverage its data analytics and fleet management expertise to build more efficient, quality recharging services with the partners.
Hainan is the first provincial government to set a deadline for banning the sale of gas-fueled cars, and aims to have all of its vehicles on new energy by 2030. The province plans to put over 30,000 new-energy vehicles on the road by the end of 2020, to be supported by a network of over 28,000 charging points.
Hainan Transport investment is the major transportation investment vehicle wholly owned by the Hainan government. CSPG, one of China’s two state-owned power grid giants, has invested 3.1 billion yuan in building 23,000 charging points across Guangdong, Guangxi, Yunnan, Guizhou and Hainan, including the Guangdong-Hong Kong-Macao Greater Bay area.
DiDi has begun a full connection of its EV operation network into China’s national power grid system. Earlier in 2019, a similar partnership was created between DiDi and China State Grid.
About Didi Chuxing
Didi Chuxing (“DiDi”) is the world’s leading mobile transportation platform. The company offers a full range of app-based transportation options for 550 million users, including Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions, Bike Sharing, E-bike Sharing, Car Rental and Sharing and food delivery. Tens of millions of drivers who find flexible work opportunities on the DiDi platform provide 10 billion passenger trips a year.
DiDi is committed to collaborating with policymakers, the taxi industry and communities to solve the world’s transportation, environmental and employment challenges with smart transportation innovations. The company is working with a growing alliance of car industry players to build out a next-generation auto-solutions and operations platform.
DiDi partners with Grab, Lyft, Ola, 99 and Bolt (Taxify) in a global ride-hailing network that reaches over 80% of the world’s population across over 1,000 cities. Currently, DiDi provides ride-hailing services in Brazil under the 99 brand, operates DiDi-branded mobility services in Mexico, Chile, Colombia and Australia, and provides taxi-hailing service in Japan through a joint venture. By continuously improving user experience and creating social value, DiDi strives to build a safe, open and sustainable mobile transportation ecosystem.
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