Saturday , December 7 2019

Toyota invests $600m in China’s Didi

Bloomberg

Toyota Motor Corp will inject $600 million into Didi Chuxing and help the Chinese company set up a car fleet management venture, bankrolling the loss-making ride-hailing giant’s expansion.
The Japanese auto-maker will work with Didi to provide services including rental and car maintenance.
Toyota will use its connected-car technology and intelligent analysis to help bolster Didi’s business, the partners said in a statement.
Toyota is investing in a company that has endured a series of setbacks over the past year.

About Admin

Check Also

TikTok craze is minting celebrities and ruining lives in India

Bloomberg Arpita Chaudhary, a newly recruited police constable in India’s western Gujarat state, became an ...

Leave a Reply

Your email address will not be published. Required fields are marked *