Toyota will expand its collaboration with leading ride-hailing provider Didi Chuxing, investing $600 million in Mobility as a Service (MaaS) in China.
Toyota and DiDi first 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, Toyota and DiDi plan to shift to full-scale implementation of services that they have been developing in China. By creating more-efficient and high-quality ride-hailing businesses, the two companies will provide mobility service solutions that contribute to Chinese society.
The collaboration will allow Toyota and DiDi 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.
Shigeki Tomoyama, Toyota Executive Vice President responsible for the connected area, said: “I am delighted that we are strengthening our collaboration, which utilizes Toyota’s connected technologies and next-generation BEVs, with DiDi, China’s mobility service market leader. Looking ahead, we will work with DiDi to develop services that are more attractive, safe, and secure for our customers in China.”
Stephen Zhu, Senior Vice President of DiDi, said: “DiDi is committed to help our cities achieve new energy and smart transportation goals with partners from home and abroad. We look forward to combining DiDi’s expertise in AI-based large-scale mobility operations and Toyota’s leading connected vehicle technology to build a next-generation intelligent transportation framework for sustainable cities.”