Toyota invests $600m in China’s DiDi and sets up joint venture

Toyota is to invest $600 million in Chinese ride-hailing company DiDi Chuxing and will form a joint venture to develop vehicle-related services for its drivers. The partners intend to expand the connected services of Toyota’s Mobility Services Platform to include vehicle management, maintenance and financing for customers and drivers. Toyota also plans to promote the widespread use of battery electric vehicles for future mobility services in China. The joint venture also includes Toyota’s partne
August 9, 2019 Read time: 1 min
1686 Toyota is to invest $600 million in Chinese ride-hailing company DiDi Chuxing and will form a joint venture to develop vehicle-related services for its drivers.

The partners intend to expand the connected services of Toyota’s Mobility Services Platform to include vehicle management, maintenance and financing for customers and drivers.

Toyota also plans to promote the widespread use of battery electric vehicles for future mobility services in China.

The joint venture also includes Toyota’s partnership with Chinese automaker Guangzhou Automobile.

Shigeki Tomoyama, Toyota executive vice president responsible for the connected area, says: “Looking ahead, we will work with DiDi to develop services that are more attractive, safe, and secure for our customers in China.”
Urban Traffic Control

For more information on companies in this article

Related Content

  • Autumn budget: EV charging infrastructure fund and higher tax rates for diesel vehicles
    November 23, 2017
    Chancellor of the Exchequer Philip Hammond has announced a £400m ($532m) charging infrastructure fund for electric vehicles (EVs), an extra £100m ($133m) investment in Plug-In-Car Grant, and a £40m ($53m) in charging R&D in the UK’s Autumn Budget 2017. He added that laws need to be clarified so that motorists who charge their EVs at work will not face a benefit-in-kind charge from next year.
    Read More
  • BMW and Toyota agree mid- to long-term research collaboration
    March 26, 2012
    BMW Group and Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid- to long-term collaboration on next-generation environment-friendly technologies.
    Read More
  • China-Sweden research centre for traffic safety opens
    December 24, 2012
    The China-Sweden Research Centre for Traffic Safety has been officially inaugurated in Beijing, attended by representatives of Volvo Cars and other research partners in the project, including Chalmers University of Technology in Gothenburg, Volvo Group, the Chinese Ministry of Transport's Research Institute of Highway and Tongji University in Shanghai. The governments of Sweden and China will contribute to fund the research centre.
    Read More
  • Toyota chooses Telenav's in-car navigation
    August 3, 2015
    Automaker Toyota has opted to use Scout GPS Link by Telenav and UIEngine Link by UIEvolution in its 2016 Toyota Tacoma, as well as other 2016 Toyota vehicles in the United States equipped with Entune Audio Plus. Part of the Scout family of apps by Telenav, Scout GPS Link allows users easily to transfer the information displayed on their mobile device outside the car to the multimedia display inside their car. This not only helps provide an optimised and safe experience with larger buttons and easier-to-
    Read More

Highlighted Content