Yi Yaqin, General Manager of Hunan Construct...
2024-04-07
Company and industry dynamics
On the streets of Abidjan, Côte d'Ivoire's capital, a fleet of new energy ride-hailing vehicles bearing the "ZET" logo are quietly transforming the city's mobility landscape. As a subsidiary of ZMEV, a Chinese new energy mobility solutions provider, ZET has pioneered a green revolution in Côte d'Ivoire's ride-hailing market through its innovative "all-inclusive" operating model. This not only brings tangible income increases to drivers but also drives the entire industry towards efficiency and sustainability.
Model Innovation: Breaking the Cost Dilemma of Traditional Ride-hailing Services
Côte
d'Ivoire's ride-hailing drivers have long faced high operating costs.
Under the traditional model, drivers are responsible for vehicle rental,
fuel, and maintenance costs, with average daily fuel expenses reaching
26,000 CFA francs (approximately 26,000 euros), resulting in meager net
income and a dampened motivation to operate. ZET's "All-Inclusive
Rental" plan has completely revolutionized this situation. Drivers only
need to pay a comprehensive daily service fee, which covers vehicle
rental, insurance, maintenance, and a 13,000 CFA charging fee,
significantly simplifying their cost structure.
"In the past, driving a gasoline-powered vehicle left me with almost nothing after deducting costs. Now, with ZET, my net income is consistently over 25,000 CFA, significantly reducing my life pressure." Abdou, one of the first drivers to join, shared his personal experience, proving the effectiveness of this model. Data shows that within three months of its launch, the program has attracted 35 double-shift driver teams, with the average daily online time of vehicles exceeding 14 hours, a new high in Côte d'Ivoire's ride-hailing industry.
Technology Empowers: 15% Efficiency Improvement, Reduced Passenger Wait Times
ZET's success stems not only from its innovative model but also from its deep partnership with the Yango platform. By integrating Yango's advanced dynamic pricing algorithm and intelligent navigation system, the fleet's order acceptance efficiency has increased by 15% compared to traditional gasoline-powered vehicles, reducing the average passenger wait time to 4.2 minutes and achieving an on-time order completion rate of 98.7%. This change is particularly noticeable in Abidjan's business district: the empty vehicle rate during peak hours has decreased by 23%, significantly improving the user experience.
Market Resonance: Aligning with the 30% Annual Growth Trend and Driving Green Transformation
Côte
d'Ivoire's ride-hailing market is experiencing rapid expansion. The
African Mobility Research Institute predicts that the market will
experience a 30% compound annual growth rate (CAGR) from 2024 to 2027,
exceeding $420 million in 2027. ZET's innovative model perfectly
resonates with this trend and aligns closely with the strategic
objectives of the Côte d'Ivoire government's White Paper on Green
Transport Development.
System construction: layout of the entire industry chain from vehicles to charging networks
"We provide more than just vehicles; we offer a complete industry chain solution encompassing charging and financial services," said ZET's Africa director. The company has built three standardized battery swap stations in Abidjan, each with a daily service capacity of 200 vehicles. Future expansion is planned for West African countries such as Ghana and Senegal. ZET's dual advantages of "low barrier to entry + highly efficient operations" validate the innovative approach of "separating operating rights from asset ownership," providing a replicable model for the industrialization of new energy mobility in emerging African markets.
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