滴滴程维：新一代 Robotaxi 车型已交付 将持续研发和运营投入

Core Insights - Didi's core platform orders increased by 13.5% year-on-year in Q4 2025, reaching 4.844 billion orders, with a peak daily order volume exceeding 65 million [1] - The total transaction value (GTV) for the core platform in Q4 2025 grew by 19.9% year-on-year to 123.8 billion yuan, while the annual GTV reached 450.8 billion yuan, marking a 14.8% increase [1] - Didi's international business orders surged by 24.5% year-on-year in Q4 2025, totaling 1.265 billion orders, with an annual growth of 24.7% to 4.505 billion orders [6][8] Domestic Business Performance - In Q4 2025, Didi's domestic ride-hailing orders rose by 10.1% year-on-year to 3.578 billion, with an average daily order volume of 38.9 million [2] - The GTV for domestic services in Q4 increased by 11.2% year-on-year to 87.2 billion yuan, while the annual GTV grew by 10.7% to 333.8 billion yuan [4] User Engagement and Service Innovation - Didi's core membership count increased by over 15% year-on-year, with more than 20 new member benefits launched, enhancing user engagement [5] - The company is focusing on diversifying its service offerings, including tailored solutions for various user needs, such as pet travel and women-friendly services [4][5] International Expansion - Didi's international business is expanding rapidly, with GTV in Q4 2025 increasing by 47.1% to 36.6 billion yuan, and an annual growth of 28.2% to 117 billion yuan [7] - The company operates in 14 countries and regions, serving over 100 million users, with significant growth in Brazil, where it has accumulated 55 million active users [8] Technological Advancements - Didi is advancing its autonomous driving technology, with the new Robotaxi model R2 launched in January 2025, and ongoing testing in major cities [9] - The company aims to integrate AI and other cutting-edge technologies into its services, enhancing user experience and operational efficiency [9]