ComfortDelGro's Zig to buy S$10 million worth of BYD cars for private-hire fleet
ComfortDelGro is investing S$10 million to expand its private-hire fleet with BYD electric and hybrid vehicles. This move is part of a strategic shift to modernize its point-to-point mobility business following a decline in taxi-related profits.
Why it matters
The investment highlights the broader industry trend of traditional transport operators pivoting toward electric vehicles and hybrid business models to remain competitive.
The investment marks the platform’s broader shift towards a hybrid taxi and private-hire model
[SINGAPORE] ComfortDelGro will invest more than S$10 million to boost its private-hire vehicle (PHV) fleet with BYD’s hybrid and electric vehicles (EVs), it said on Thursday (Aug 20).
The vehicles will be supplied by Vantage Automotive, the authorised distributor of the Chinese EV giant in Singapore.
“We have seen strong demand from our hirers for PHVs, and this investment reflects our commitment to meeting those needs,” said Michael Huang, ComfortDelGro’s head of Singapore point-to-point mobility.
The investment marks Zig’s broader shift towards a hybrid taxi and private-hire model, as it transforms its point-to-point business from a taxi-led operator to a hybrid fleet and platform model, said ComfortDelGro.
With the purchase of the BYD vehicles, Zig will increase its fleet network beyond its current count of about 7,600 taxis.
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