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Didi Chuxing announced today that he has received a new $ 600 million investment from Toyota Motor Corporation. As part of this agreement, the two companies will also create a joint venture with GAC Toyota Motor to provide driver-related vehicle services on Didi's carpool platform. GAC Toyota is a joint venture between Toyota and GAC Group, one of China's largest automakers.
Nikkei Asian Review announced for the first time the announcement of this agreement at the end of May: Toyota planned to invest 550 million dollars in Didi and create a new mobility services company in China .
In the year 2018, Didi and Toyota announced that they would work together on services using the technology developed by Toyota for its mobility and vehicle sharing platform, which includes autonomous driving software, a Fully electric battery and the "e-Palette", or modules can be used to build autonomous vehicles of various sizes, ranging from smaller for deliveries to pbadenger buses.
Toyota has also supported other car sharing companies, including Uber and JapanTaxi.
The partnership between DiDi and Toyota is part of its partnerships with automakers and other automotive related companies under D-Alliance, including Toyota, Volkswagen, Renault-Nissan-Mitsubishi, as well as major Chinese car manufacturers such as FAW, Dongfeng. and GAC, with the goal of extending its reach beyond its support services by creating a platform using new energy, AI-based technology and mobility.
Didi recently announced the opening of its mobile phone platform to third-party service providers under agreements with FAW, Dongfeng and GAC, three of China's largest automakers.
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