# BYD and Toyota to form joint venture for BEV R&D in China

BYD and Toyota have agreed to establish a joint company in China for research and development of battery electric vehicles, with each holding 50% equity.

- Type: Partnership
- Announced: 2019-11-07
- Where: China, China
- Status: announced
- Products: battery electric vehicles, BEV platform, BEV parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (partner)
- [BYD](https://endata.com/companies/9720.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/250028.html), 2019-11-07: "经审议，董事会同意与丰田汽车公司签订合资成立纯电动车的研发公司的协议。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.