Didi Chuxing launched their carsharing platform in partnership with automakers, new energy transportation infrastructure operators and after-sales service provides. The Beijing based company is the China's largest ride-sharing company. The company operates in more than 400 cities and a network of over 450 million users. The company has invested heavily in AI and autonomous technology. Their network of strategic partners includes 12 top automakers in China which includes BAIC BJEV, BYD, Chang'an Automobile Group, Chery Automobile Group, Dongfeng Passenger Vehicle, First Auto Works, Geely Auto, Hawtai Motor, JAC Motors, KIA Motors, Renault-Nissan-Misubishi and Zotye Auto.
According to a study by GM Insights, the global carsharing market is expected to grow 34 percent annually from 2017 to 2024, while just in China, the growth rate is expected to exceed 40 percent. The first generation of large-scale, new energy carsharing platforms are expected to commence in core emerging countries such as China. Didi plans to leverage their powerhouse in AI technology and their national network to empower the entire automotive industry chain. The company's world-leading data analytic capabilities will enable smarter network management based on dynamic understanding of user distribution and attributes.
Under the new deal, Didi will open its platform to their partnered automakers' own sharing services. This will allow for a meeting place of individuals and corporate partners. This will allow the company to offer diverse models from all their partners but also auto-related finance and insurance services. This new program is expected to reduce costs and enhance efficiency for the entire industry by integrating resources from cars, capital, parking spaces, charging points, and refueling stations, to auto-maintenance and repair services in a new, open ecosystem of collaboration.