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Toyota may invest $550 million in China ride-hailing firm Didi: Report

Toyota has already made investments in various ride hailing tech companies like Uber, Grab

Reuters  |  Tokyo 

Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan's top automaker was also looking to set up a new mobility-services company in China, the Nikkei said. "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 by phone. "However, we have nothing to announce at this ...

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First Published: Wed, May 29 2019. 06:54 IST