Chinese ride hailing company Didi Global plans to invest more than $200 million in Argentina this year as it expands into smaller cities and develops new safety technology, its Argentina manager Eduardo Coello told Reuters.
The investment is part of Didi’s broader push to expand across Latin America, where it already has a strong presence in Brazil and Mexico. The company sees Argentina, the region’s third-largest economy, as a major growth opportunity.
Didi plans to introduce services including Didi Moto, which provides lower cost motorcycle rides, as well as last-mile transport designed to connect passengers with public transportation.
The company expects the number of drivers using its platform in Argentina to rise by 25% this year to more than 500,000. Didi currently operates in more than 350 locations and plans to expand into additional towns and cities.
Coello said driver numbers could increase by at least another 10% in 2027 as the company continues its expansion.
Didi invested $160 million in Argentina in 2025. Its latest investment would therefore represent a significant increase in spending as it seeks to strengthen its position against larger competitors.
Uber, which leads Argentina’s ride hailing market, announced in March that it planned to invest $500 million in the country over three years.
Didi estimates it has completed about 130 million trips in Argentina so far in 2026, compared with roughly 3 billion trips accumulated over eight years in Mexico.
The company also introduced new safety measures in August, including improvements to its mapping systems and artificial intelligence models aimed at improving the safety of its services.
Didi has been expanding internationally as it seeks to reduce its dependence on the Chinese market. The company reported a $129 million profit in the second quarter of 2026, reversing a $177 million loss recorded in the first quarter.
Leave a comment