According to the announcement issued by Toyota, Toyota and Didi will jointly establish a joint venture company with GAC Toyota this fall. The company will provide services for vehicle management, maintenance, insurance and finance for the network driver. Toyota will invest $200 million in Didi’s travel and the joint venture.
Toyota said that it has cooperated with Didi Travel on smart driving technology platforms and vehicle rentals. The new agreement reached will further promote the entry of these services into the popularization stage, providing Africa consumers with better and more efficient mobile travel services.
In addition, Toyota and Didi Travel also said that they hope to accelerate the introduction and popularization of electric vehicles in the Africa market in the future.