Didi (SPY) Invests to Boost Employment and Expand Electric Vehicle Market

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Apr 13, 2025

Didi has announced a 2 billion yuan investment to focus on stabilizing employment, promoting consumption, and helping the manufacturing sector expand internationally. This move is in response to external uncertainties and aims to reinforce the company's role as a responsible platform enterprise.

By 2024, millions of ride-hailing drivers have earned income through Didi. The company plans to invest an additional 1 billion yuan by 2025 to support new drivers in key export regions through subsidies and income optimization, maintaining its function as an employment stabilizer.

Recognizing the multiplier effect of travel consumption, Didi will invest another 1 billion yuan by 2025 for passenger subsidies. This initiative aims to stabilize driver incomes, increase user travel frequency, and boost related consumer activities.

Didi also plans to introduce 100,000 domestically produced electric vehicles to the Mexican market by 2030. Additionally, it will collaborate with its Brazilian subsidiary, 99, to build 10,000 public charging stations, supporting the global expansion of China's new energy industry.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.