Toyota will invest $600m into Didi Chuxing and form a joint venture also involving GAC Toyota Motor that will be focused on vehicle-related services for ride hailing drivers.

China-based ride hailing services provider Didi Chuxing raised $600m from carmaker Toyota today as part of a strategic collaboration agreement to form a joint venture. Didi Chuxing operates a series of transportation services, including on-demand ride hailing, buses, car rental, food delivery and e-bikes. It has also created a financial services platform. The company was…

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