DiDi’s Auto-Solutions Platform Cooperates with Ping An Entities

Didi Chuxing, the world’s leading multi-modal transportation platform, today announced that its one-stop automobile solutions platform-Xiaoju Automobile Solutions (“XAS”) has entered a strategic partnership with four subsidiaries of Ping An Group (“Ping An”). The parties will cooperate in the areas of car rental & leasing, auto insurance, car maintenance and EV charging services, to jointly provide affordable, efficient and hassle-free automobile solutions for users.

Under the cooperation framework:

•       Ping An Bank will provide financial services for XAS and its ecosystem partners through Ping An’s “fintech + industry chain” platform. The integrated financial services include financing support for fleet operators, bank account & cash management and retail finance. The parties will also explore cooperation opportunities with Ping An’s auto-solutions platform – Automotive-related Life – in car rental & leasing, refueling & charging, auto-financing and maintenance;

•       Ping An International Financial Leasing will provide car rental and leasing services for DiDi’s ride-hailing drivers and the public through XAS’ platform. Meanwhile, XAS will leverage its large user base and data-driven network management capabilities to raise the overall efficiency of shared fleet networks;

•       Ping An Property & Casualty and XAS will create an online auto-insurance management platform through close calibration of their technologies and processes. Both parties will leverage their data capabilities to help fleet operators reduce costs. Use of Internet of Vehicles and DiDi’s data capabilities will help improve settlement efficiency by moving investigation procedures online. The initiative will also be able to enhance the transparency and traceability of auto-service processes;

•       Ping An Infrastructure Investment Fund Management and XAS will jointly develop and operate EV charging services, combining Ping An’s financial resources and smart city infrastructure resources together with DiDi’s data and operational expertise.

In April 2018, DiDi integrated its portfolio of auto-related services into XAS, creating a one-stop auto-operations platform covering the full automobile use cycle. The new Ping An partnership is an important extension of D-Alliance, DiDi’s open network of partnerships with leading automakers and other industry players.

Chen Ting, General Manager of XAS, said, “XAS will continue to strengthen its core pillars of car rental and leasing, auto-financing, maintenance and energy solutions, while helping industry partners to reduce costs and increase efficiency in a robust ecosystem built on shared growth and value creation.”