ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
The investment marks the platform’s broader shift towards a hybrid taxi and private-hire model
ComfortDelGro will invest over S$10 million to expand its private-hire vehicle fleet with BYD's hybrid and electric vehicles, the company announced on Aug 20. The vehicles will be provided by Vantage Automotive, BYD's authorized distributor in Singapore. ComfortDelGro's Singapore point-to-point mobility head, Michael Huang, stated that the investment reflects the company's commitment to meeting the demand for private-hire vehicles.
This comes as the company reported a 19.7% decline in first-half net profit due to a sharp drop in its taxi and private-hire business. The investment aligns with ComfortDelGro's broader shift towards a hybrid taxi and private-hire model, transforming its point-to-point business from a taxi-led operator to a hybrid fleet and platform model.
The purchase of BYD vehicles will enhance ComfortDelGro's taxi network, which currently stands at around 7,600 vehicles. The new cars will include a mix of fully electric and hybrid models, such as the BYD Seal 6 DM-i and BYD M6, and will be gradually introduced into the private-hire fleet in the coming months. Hirers will enjoy preferential charging rates through CDG Energy, a rebranded sister company, and maintenance support from ComfortDelGro Engineering's network of automotive-service workshops.
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