Magna, a Canadian automotive parts supplier, has plans to invest $200 million into Lyft for an equity stake.
The partnership will include hardware, software, safety testing and designs for manufacturing.
The partnership is part of Lyft’s self-driving strategy, working with many partners instead of a select few or doing everything in-house.
The partnership is one of many Lyft has formed with automakers, suppliers and other tech companies since it announced its self-driving efforts in July. Lyft is working with General Motors, Ford, Jaguar Land Rover and Alphabet Inc.’s Waymo, formerly known as Google’s self-driving car unit.
Last year, Lyft opened a self-driving vehicle development facility in Palo Alto, Calif., called Level 5.
