Energy giant BP and mobility group Didi Chuxing are forming a new joint venture to build electric vehicle charging infrastructure in China. The JV plans to develop a network of EV charging hubs across the country.
The two groups say they will develop standalone, high-quality charging hubs to provide EV charging services to DiDi’s drivers and the public.
Tufan Erginbilgic, BP’s Downstream chief executive says: “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. 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.”
Cheng Wei, Chairman and CEO of DiDi, adds, “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.”
Xiaoping Yang, BP China chairman and president, says: “China offers tremendous growth opportunities for BP. Partnering with DiDi enables BP to actively contribute to China’s fast-growing EV charging market with differentiated offers, and also to further expand our business footprint in the country.”
Didi offers a range of app-based transportation options for its 550 million users around the world. Its partners include Grab, Lyft and Ola.