Didi Chuxing, the Chinese ride-hailing behemoth, has teamed with oil supermajor BP to build electric vehicle (EV)-charging stations in China, Kallanish Energy learns.
The company announced last week it would form a joint venture with BP designed to provide charging services to both Didi and non-Didi car owners.
BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi’s open automobile solutions platform, Didi said, in a statement.
The Chinese firm pumped $1 billion into its auto services business, called XAS, last year, CNBC reported.
“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” Didi chairman and CEO Cheng Wei said, in a statement.
China is regarded as one of the world’s largest markets for electric cars, helped by subsidies to auto companies.
But the country’s EV market has shown slowing growth amid the U.S.-China trade war and a reduction in government supports.
“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,” Tufan Erginbilgic, BP’s Downstream chief, said, in a statement.
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