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Xiaoju Automobile Solutions

Founded Year

2015

Stage

Corporate Minority | Alive

Total Raised

$1B

Last Raised

$1B | 6 yrs ago

About Xiaoju Automobile Solutions

Xiaoju Automobile Solutions provides various auto-related services, including leasing and trading, refueling, maintenance and repair, and car-sharing. Its brands include Xiaoju Auto Leasing & Retail, which brings vehicle supplies and auto-financing resources to offer auto sale, resale and leasing services through integrated online-offline channels; Xiaoju Gas Refueling, which offers gas services through scale- and expertise-based partnerships with gas stations; Xiaoju Auto Care, which provides authentic components and parts services, as well as maintenance and repair services; and Didi Car Sharing, which provides short-term car rental services leveraging use scenarios, user traffic, brand and vehicle solutions.

Headquarters Location

Beijing,

China

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Latest Xiaoju Automobile Solutions News

Didi Chuxing's Car Service Unit Reorganizes to Put Rentals Business Center Stage

Jul 8, 2019

Didi Chuxing's Car Service Unit Reorganizes to Put Rentals Business Center Stage Lu Hongan Didi Chuxing's Car Service Unit Reorganizes to Put Rentals Business Center Stage (Yicai Global) July 8 -- Xiaoju Automobile Solutions, a unit of China's largest online ride-hailing platform Didi Chuxing, has set up a car company department and an energy business segment to make vehicle rentals the core of its three main businesses, which also include maintenance and energy, the company said today. Xiaoju Automobile's offline layout has progressed rather slowly since its was formed over a year ago, and the firm has undergone a number of restructurings, General Manager Chen Ting said. The latest change will focus on improving the platform's service capability, vehicle life-cycle management capability and urban service capability, and further deepen the D-Alliance program, jointly initiated and established by Didi Chuxing and 31 automobile industry chain companies in China, Chen said. The car company department will integrate Xiaoju Automobile's original services of fleet asset management, car company cooperation and customized vehicle business after the organizational adjustment. Orange Energy, the new energy segment, will integrate its existing charging and refueling business and continue to cooperate with others in the vehicle energy field. Xiaoju Automobile's original business segments include Xiaoju Auto Care, Didi Carsharing, Orange Energy, Xiaoju Refuel and Mobility Innovation Center. After the upgrade, Xiaoju Auto Care will consolidate the insurance and safe driving segments on the basis of its existing maintenance business, facilitate the linking with the Didi Carsharing platform, cut the incidence of safety accidents and insurance payouts, and reduce vehicle life-cycle costs through online and data-based management. Xiaoju Automobile announced the establishment of a car service area to realize an overall urban business positioning and explore complete interconnection and coordination between car rental, maintenance and energy in a single city. Didi upgraded its auto service platform to Xiaoju Automobile Solutions in August and invested USD1 billion in the platform. Xiaoju Automobile Solutions spanned 257 cities and boasted more than 7,500 partners and distributors, with its annual trading volume reaching CNY60 billion (USD8.7 billion), according to statistics Didi released last year. The reorganization shows that Didi is paying more attention to after-sales services in the auto sector. In terms of charging services, Orange Energy teamed up with China Southern Power Grid on June 26 to introduce 100,000 charging piles. On auto maintenance, Xiaoju Auto Care bought Hiservice, a Chinese car maintenance and repair service booking platform, last year and began expanding its offline business in more cities. Follow Yicai Global on RELATED

Xiaoju Automobile Solutions Frequently Asked Questions (FAQ)

  • When was Xiaoju Automobile Solutions founded?

    Xiaoju Automobile Solutions was founded in 2015.

  • What is Xiaoju Automobile Solutions's latest funding round?

    Xiaoju Automobile Solutions's latest funding round is Corporate Minority.

  • How much did Xiaoju Automobile Solutions raise?

    Xiaoju Automobile Solutions raised a total of $1B.

  • Who are the investors of Xiaoju Automobile Solutions?

    Investors of Xiaoju Automobile Solutions include DiDi.

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