Toyota Motor to invest $600 million in joint venture with China's Didi


Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing and a new joint venture to expand collaboration with the firm in China.

The move accelerates a trend in China which has seen automakers launch their own ride-hailing services, and ride-hailing firms such as Didi team with automakers to develop purpose-built cars for their services. The Japanese carmaker said the new joint venture would include Toyota's Chinese partnership with Guangzhou Automobile Group Co Ltd (GAC), and would.....

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