This might be apart of a bigger push from Toyota as they might be preparing to partner with Didi Chuxing in an effort to create their own mobility service.
Toyota has already invested in several ride-hailing businesses all around the globe as the company continues to promote mobility services. Their goal is to establish themselves into the Chinese marketplace which is the world's largest auto market.
Didi Chuxing was founded back in 2012 and climbed to the top of the ride-hailing market by purchasing other companies as well as Uber's presence within China.
Didi has teamed with Toyota previously teamed together and co-developed an autonomous vehicle that also was a retail store called the e-Palette. They have also partners to run through tests on connected vehicles.
Now Didi and Toyota are going to work together to create a car-sharing platform that primarily uses electric cars, and Toyota is investing in Didi in an effort to push these forward. This new mobility platform hopes to lease these new cars to existing Didi platform drivers.
Toyota is also teaming up with other companies to convert themselves to become more of a mobility company in addition to their auto manufacturing efforts. The company has already invested around $500 million into Uber as well as $400 million into a new effort that will result in a new US-based company to begin creating autonomous cars.
They have also invested around $1 billion into Southeast Asia's largest ride-hailing company, Grab, and is pushing services like insurance and car repair service within connected vehicles.