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

  • Visteon terminates China deal but increases investment in Korea
    July 6, 2012
    Visteon Corporation and Huayu Automotive Systems Company have agreed to terminate the non-binding memorandum of understanding (MOU) with respect to a potential transaction that would have combined the majority of Visteon's global interiors business with Yanfeng Visteon Automotive Trim Systems. According to Don Stebbins, Visteon chairman, chief executive officer and president, “both parties worked hard to move the agreement forward, but there were a number of items that kept us from doing so.”
    Read More
  • Aurora to develop ride-hailing AVs
    February 17, 2021
    Group partners with Toyota to deliver affordable autonomous ride-sharing vehicles
    Read More
  • Manchester seeks smart but not selective transport solutions
    January 25, 2018
    Smarter transport relies on better communications both with travellers and between transport providers. Andrew Williams reports. Inrix’s prediction that the cost of traffic congestion will rise by 63% to £21bn per year by 2030 clearly illustrates that, in addition to the ongoing inconvenience and inefficiency, ongoing gridlock is a significant drain on the economy. It is against this backdrop that a Cisco-led consortium has launched CitySpire, a smart transport programme that uses location-based services a
    Read More
  • TRA 2018: Vienna conference highlights
    June 5, 2018
    Digitalisation of transport systems, the regulation of new technologies and more charging points for electric vehicles in cities were among the talking points at this year’s Transport Research Arena conference. Alan Dron sifts through the highlights in Vienna. More than 3,000 transport sector specialists converged on TRA 2018, where the four-day event’s agenda included scores of topics covering regulation, technology and the effect of the digitalisation of road transport systems. Who should control those
    Read More

Highlighted Content