Toyota to Invest in Chinese Self-Driving Startup


Beijing, Feb. 27 (Jiji Press)--Toyota Motor Corp. <7203> plans to invest 400 million dollars in Chinese self-driving startup, officials at the Japanese automaker said Wednesday.

Through the investment, Toyota aims to accelerate development of autonomous driving technology in China.

Toyota and, which was established in 2016, announced their partnership in August last year.

Last autumn, the two companies started testing six Lexus SUVs using's self-driving system in Beijing and Shanghai.

Toyota's decision to invest in came as the automaker found the technological tie-up useful, the officials said.

[Copyright The Jiji Press, Ltd.]

Jiji Press