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Companies & Markets

Toyota to invest US$600m in China's Didi, new joint venture

Published Thu, Jul 25, 2019 · 05:59 AM
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[BEIJING] Toyota Motor Corp said on Thursday it will invest US$600 million in Didi Chuxing and a new joint venture, as part of an agreement to expand collaboration with the Chinese ride-hailing giant in the country.

The Japanese carmaker also said that the new joint venture will include Toyota's local partnership with Guangzhou Automobile Group Co Ltd.

REUTERS

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Didi Chuxing

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