Toyota will invest 600 million U.S. dollars in Didi joint venture
Toyota Motor Corporation has concluded an agreement with Didi Chuxing to expand collaboration in Mobility as a Service in China.
As part of this agreement, Toyota will invest 600 million U.S. dollars in Didi and a joint venture, which the two companies will establish with GAC Toyota Motor for vehicle-related services for ride-hailing drivers.
The collaboration will allow Toyota and Didi to expand the various connected services provided by MSPF in its value chain including vehicle management, maintenance, insurance, and financing for customers and drivers to realize the high potential of the Mobility as a Service market in China.
Toyota also aims to introduce and promote the widespread use of battery electrified vehicles (BEVs) suitable for future mobility services in China.
Going forward, Toyota and Didi will contribute to the creation of a mobility society that delivers comfort and benefits to the people in China by leveraging the know-how, services, and technologies of each company.