Toyota invests $600m in Didi and signs smart fleet management joint venture

Toyota has invested $600 million in Chinese car-hailing platform Didi Chuxing as part of an expanded Mobility-as-a-Service collaboration agreement the two companies have in place in China.

Under the deal, Toyota and Didi will also enter into a joint venture with GAC Toyota Motor — a joint venture between Toyota and China’s GAC Group — to provide vehicle-related services for Didi’s drivers network…

At the start of last year, Toyota and Didi collaborated on e-Palette, a fully-automated battery electric vehicle. They have also piloted vehicle-related services for Didi’s drivers through Toyota’s mobile services platform’s intelligent analysis capabilities to provide drivers with safe driving guidance and vehicle maintenance support.

Toyota invested a handsome $500 million in Uber last August to jointly develop self-driving vehicle technologies as part of a wider partnership between the two companies.