(Yicai Global) Feb. 22 -- Qingdao Teld New Energy Co., which offers charging services to drivers for the world's largest ride-hailing platform Didi Chuxing, will invest CNY40 million (USD6.3 million) to set up a joint venture offering online-managed charging for electric taxis as it looks to expand the sector.

QTNE penned a deal with Didi affiliate Huidi Tianjin Business Services Co. to set up the new company, QTNE's parent said in a statement this morning.  The Tianjin-based firm will contribute CNY60 million to starting capital.

The deal will help QTNE's parent Qingdao Tgood Electric Co. develop its car-hailing ecosystem with carmakers, operators and ride-hailing platforms, and bolster the cab-charging sector, the statement said.

The new company, Xiaoju Teld Qingdao New Energy Co., will use Tgood's charging network and technology to offer more secure, economical and convenient services to ride-hailing drivers, it added.