Toyota Motor Corporation and Didi Chuxing have expanded their collaboration in Mobility as a Service (MaaS) in China.
As part of this deal, Toyota will invest $600m (approximately 66 billion yen) in DiDi and a joint venture, which the two companies will establish with GAC Toyota Motor Co., Ltd. (GTMC) for vehicle-related services for ride-hailing drivers.
They announced collaboration on e-Palette in January 2018, and launched vehicle-related services, including a vehicle leasing service and various services for DiDi ride-hailing drivers at a Toyota dealer in May 2018. Those cars are equipped with Toyota’s in-vehicle device, TransLog, leveraging intelligent analysis capabilities of Toyota’s proprietary Mobility Services Platform (MSPF) to provide quality automobile maintenance support and safe driving guidance to ride-hailing drivers.
Through this new agreement, the two companies will provide mobility service solutions that contribute to Chinese society. The collaboration will allow them to expand the various connected services provided by MSPF in its value chain including vehicle management, maintenance, insurance, and financing for customers and drivers to realize the high potential of the MaaS market in China.
Toyota also aims to introduce and promote the widespread use of battery electrified vehicles (BEVs) suitable for future mobility services in China.