Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services
Didi Chuxing announced today that it has received from Toyota Motor Corporation new investment totaling $600 million. As part of the deal, the two companies will also set up a joint venture with GAC Toyota Motor to provide vehicle-related services to drivers on Didi’s ridesharing platform. GAC Toyota itself is a joint venture between Toyota and GAC Group, one of China’s largest automakers.