Didi Chuxing forges joint venture with BP to create electric vehicle infrastructure in China
Chinese technology firm Didi Chuxing has formed a joint venture with BP to build electric vehicle (EV) infrastructure in China.
Currently, China stands as one of the largest electric vehicle markets, with around 50% of the world’s Battery Electric Vehicles (BEV).
By teaming up with the British multinational oil and gas company, Didi Chuxing will help to develop a network of EV charging hubs across the country for Didi’s drivers and the public.
"We look forward to combining our strengths to create a robust EV charging network for China, promote the growth of the new energy automotive industry, and provide better experience for car owners across the country,” said Cheng Wei, Chairman and CEO of Didi Chuxing.
Didi Chuxing is a leading Chinese transportation platform which has about 550mn users and around 600,000 EVs running on it in China, according to BP.
The partnership will utilise Didi’s mobility service platform and BP’s global retail capability to tap into the growth of the electric vehicle market.
"As the world's largest EV market, China offers extraordinary opportunities to develop innovative new businesses at scale and we see this as the perfect partnership for such a fast-evolving environment,” Tufan Erginbilgic, BP's Downstream chief executive said.
“The lessons we learn here will help us further expand BP's advanced mobility business worldwide, helping drive the energy transition and develop solutions for a low carbon world."