Didi plans to invest over $200 million in Argentina, manager says

Didi Global, the Chinese ride-hailing company, intends to pour over $200 million into Argentina this year, according to its country manager, Eduardo Coello, speaking to Reuters. The investment aims to launch new services in smaller cities and develop advanced safety technology. Didi is aiming to expand its operations in Latin America, where it already enjoys a strong foothold in Brazil and Mexico, but sees ample growth potential in Argentina, the region's third-largest economy.

The company plans to extend its services, including Didi Moto, which offers budget-friendly motorcycle rides, and last-mile transportation, which complements public transport journeys. Coello, in an interview, emphasized that Argentina is one of Didi's top priorities globally. The company anticipates a 25% increase in the number of drivers using its app this year, reaching over 500,000 as it expands into more towns and cities in Argentina, where it already operates in more than 350 locations. Coello further predicted a further 10% rise in driver numbers by 2027.

In 2025, Didi had already invested $160 million in Argentina. However, Uber, the dominant player in Argentina's ride-hailing market, announced in March plans to invest $500 million in the country over the next three years, as per Economy Minister Luis Caputo. Didi has accumulated 130 million trips in Argentina this year, compared to the 3 billion trips it has accumulated over eight years in Mexico, based on company estimates.

As part of its local investment strategy, Didi introduced safety enhancements in August through improvements to its mapping systems and AI models. The company has been keen on diversifying its business beyond China in recent years. In the second quarter, Didi reported a profit of $129 million, marking a turnaround from a $177 million loss in the first quarter.