Toyota invests US$600mil in Didi Chuxing, sets up new mobility joint venture in China

The collaboration will allow Toyota and Didi to fully implement a range of services they have been developing in the country.

Toyota Motor Corp will invest US$600mil (RM2.46bil) in Didi Chuxing and establish a new joint venture for mobility services with the Chinese ride-hailing giant as competition in its home market intensifies.

That collaboration will be set up with GAC Toyota Motor Co, the Japanese car maker’s automotive manufacturing venture based in the southern coastal city of Guangzhou, and focus on providing “quality car maintenance support and safe driving guidance to ride-hailing drivers” on the mainland, according to a joint statement released on July 25.