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Didi investing $1B in its automobile services business

Didi Chuxing, is upgrading its automobile solutions platform, incubated in 2015 and put in trial operation in April 2018, to become Xiaoju Automobile Solutions. DiDi will invest US$1 billion into Xiaoju Automobile Solutions to support its business in providing DiDi drivers and the broader car-owner community with one-stop auto services.

Co. Kevin Chen, General Manager of the auto solution platform, will become the General Manager of the new entity, reporting to Jean Liu, President of Didi Chuxing.

DiDi launched its auto solution platform in April 2018 to provide various auto-related services, including leasing and trading, refueling, maintenance and repair, and car-sharing. The creation of Xiaoju Automobile Solutions also brings into operation new family brands, including Xiaoju Auto Leasing & Retail, Xiaoju Gas Refueling, and Xiaoju Auto Care.

Currently, Xiaoju Automobile Solutions is available in 257 cities in a network of more than 7,500 partners and distributors. Among its core businesses:

  • Xiaoju Auto Leasing & Retail brings vehicle supplies and auto-financing resources to offer auto sale, resale and leasing services through integrated online-offline channels;

  • Xiaoju Gas Refueling offers cost-effective gas services through scale- and expertise-based partnerships with gas stations;

  • Xiaoju Auto Care, now available in 7 cities in eastern and southern China, provides authentic components and parts services, as well as high-quality, value-added professional maintenance and repair services; and

  • DiDi Car Sharing provides short-term car rental services leveraging versatile use scenarios, user traffic, brand and vehicle solutions.

Comments

HarveyD

Multiple car services under the same roof will ease end users hardship.

Xiaoju Auto Care could easily move into e-cars manufacturing and sales to expand services to end users, reduce the number of interveners and reduce total sale price. as Alibaba and Amazon are doing.

Buying directly from the factory at reduced price may become the way to go.

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