.
MergerLinks Header Logo

New Deal


Announced

Toyota invested $600m in Didi Chuxing.

Financials

Edit Data
Transaction Value£481m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

mobile transportation platform

Transportation Services

China

Private

Acquisition

Synopsis

Edit

Toyota, a Japanese multinational automotive manufacturer, invested $600m in Didi Chuxing, the world's leading mobile transportation platform. 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. 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."

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US