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Aya Lin · · 1 min readIn brief: Toyota mulls $550m investment in China’s Didi
- Japanese car manufacturer Toyota is mulling an investment of roughly 60 billion yen (US$550 million) in Chinese ride-hailing giant Didi Chuxing, Reuters posted, citing a Nikkei business daily report.
- The Nikkei report added that Toyota was also looking to launch a new mobility services company in China.
- “We continue to evaluate our business strategy from a global perspective in areas of Connectivity, Autonomous, Sharing and Electrification to meet the future needs of our customers,” Toyota spokesman Kensuke Ko said.
Editing by Dante Gagelonia
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