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Didi Steers Towards More Trips, Self-Driving in Three-Year Plan

By Ding Yi / Apr 20, 2020 05:38 PM / Business & Tech

Photo: VCG

Photo: VCG

Chinese ride-hailing giant Didi Chuxing has unveiled a three-year development plan that provides a roadmap for how it sees itself developing, including the volume of trips it hopes to log and businesses that will become its main focuses.

Didi aims to complete more than 100 million trips a day and have 800 million monthly active users globally by 2022, the company said in a statement emailed to Caixin.

It did not specify its current average daily global orders or users. But it said that Didi had made over 1 billion trips in its international markets as of early 2020, and it sees this as an opportunity to diversify. Currently, the company has presences in Japan, Australia and Latin America. Its businesses in Japan range from ride hailing to food delivery.

Apart from continuing to expand its established transport services such as taxi hailing and carpooling, the Beijing-based company will also place more emphasis on autonomous driving vehicles, according to the statement.

Last month, Didi’s autonomous driving subsidiary was reportedly close to finalizing a deal to raise $300 million from a group led by Japanese tech conglomerate SoftBank as part of its efforts to build a smart transportation system in China. The Chinese company has selected U.S. tech firm Nvidia as a partner to develop its self-driving cars with Level 4 capabilities — the closest level to true self-driving, which is defined as Level 5.

In its last annual report for 2019, global rival Uber valued its share in Didi at nearly $8 billion, unchanged from the previous year but up about 33% from when it acquired the stake through the merger of its China operations with Didi in August 2016. While that merger temporarily ended their rivalry, the pair are now finding themselves in growing competition again in many of the countries where Didi is expanding outside China.

Contact reporter Ding Yi (yiding@caixin.com)

Related: China’s AutoX Opens ‘Robotaxi’ Operation Center in Shanghai


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