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

  • Huawei gets on board with Moovit app
    October 19, 2020
    Chinese telecoms giant’s AppGallery has 465 million monthly users, company says
    Read More
  • Intelematics announced as newest member of SmartDeviceLink Consortium
    August 29, 2017
    Australian provider of connected mobility services, Intelematics, has been announced as the latest member of the SmartDeviceLink (SDL) Consortium, joining organisations such as Toyota and Ford in their development of SDL Apps and SDL technologies. Established earlier this year, the Consortium is a non-profit organisation managing the open source platform for the development and adaptation of smartphone apps within vehicle’s dashboard systems. The platform is intended to simplify the app development process
    Read More
  • Demonstration zone launched to develop connected and automated vehicles, Canada
    November 10, 2017
    A new autonomous vehicle (AV) demonstration zone has launched to allow researchers to hone the technology and test AVs in a range of everyday, real-life traffic scenarios in Ontario, Canada. Called the Autonomous Vehicle Innovation Network (AVIN), the Canadian government has invested $80 million (£61 million) over a five-year period in support of the project.
    Read More
  • Demonstration zone launched to develop connected and automated vehicles, Canada
    November 10, 2017
    A new autonomous vehicle (AV) demonstration zone has launched to allow researchers to hone the technology and test AVs in a range of everyday, real-life traffic scenarios in Ontario, Canada. Called the Autonomous Vehicle Innovation Network (AVIN), the Canadian government has invested $80 million (£61 million) over a five-year period in support of the project.
    Read More

Highlighted Content