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

  • Consumer telematics driving automotive electronics
    February 3, 2012
    This year's Consumer Electronics Show in Las Vegas was characterised by consumer telematics solutions, writes Dave McNamara
    Read More
  • Ricardo and Roke Manor to collaborate on next-generation vehicle cyber security
    September 7, 2017
    International technology company Ricardo is to join forces with cyber security specialist Roke Manor Research to develop solutions that will make autonomous and connected transport robust against cyber attack. Many of today’s new vehicles are already connected over the air for telematics and maintenance, for safety systems such as eCall, by consumers using insurance-based monitoring technology, and by the many smartphone apps available to vehicle owners.
    Read More
  • Fluor chosen for LA International Airport Automated People Mover
    February 5, 2018
    Fluor Corporation (Fluor) has been chosen to lead the design-build joint venture team to operate and maintain the Los Angeles International Airport (LAX) Automated People Mover project for the Los Angeles World Airports (LAWA). It aims to provide passengers and employees with reliable and time-certain access to the airline terminals with the design and construction commencing later this year. The passenger service is scheduled for 2023.
    Read More
  • TrafficLand real-time video to feature in Harman Aha radio app, CES 2018
    January 4, 2018
    TrafficLand will provide live video from its network of roadway traffic cameras to the Harman Aha Radio TrafficLand traveller information app at the Consumer Electronics Show (CES) 2018, in Las Vegas. The solution, according to its CEO Lawrence Nelson, can provide content to dramatically increase driver awareness about traffic and weather conditions on the roadway ahead as well as make all the difference when it comes to driver safety. The new mobile application will be demonstrated on a 2018 Jeep Cherok
    Read More

Highlighted Content