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

  • Moscow summit urges transit change
    June 11, 2019
    Moscow summit urges transit change
    Read More
  • The long road to Spanish enlightenment
    October 22, 2018
    Julián Núñez, immediate past president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid. Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth: people want to avoid the pain. But pain is something that Spanish operators, including Abertis, OHL, ACS, FCC and Acciona, have been going through for the past decade. The country has
    Read More
  • Rochester solves $8.5m transit question
    October 22, 2018
    RTS in Rochester, New York, saves by working with Conduent to upgrade its CAD/AVL systems rather than ripping them up and replacing them. Andrew Bardin Williams hops on for a ride. What to do, what to do?” It’s a question every transportation official must ask when faced with legacy assets, equipment and software that are nearing the end of their useful life. Nothing lasts forever, right? Freeways need to be repaired, bridges replaced, traffic management software updated and railway cars turned into
    Read More
  • Drone captures map of EastLink tunnel for self-driving car trials
    April 9, 2018
    EastLink has used an aerial drone from Telstra to capture a Lidar map for its Mullum Mullum tunnel in Australia to help support safe trials of fully self-driving cars. Doug Spencer-Roy, EastLink’s corporate affairs and marketing manager, said that trial sites need to be mapped in high resolution to allow self-driving car prototypes to be conducted under controlled conditions to test their safe operation. Additionally, the process can also support the company’s maintenance activities, by allowing the deta
    Read More

Highlighted Content