BYD and Toyota to establish joint BEV R&D company in China

BYD and Toyota have signed an agreement to establish a joint company in China for research and development of battery electric vehicles, with each holding 50% equity, expected to be established in 2020.

“BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) announced today that they have signed an agreement to establish a joint company to research and development for battery electric vehicles (BEVs).”global.toyota

• 1 source
• global.toyotaBYD, Toyota Agree to Establish Joint Company for Battery Electric Vehicle Research and Development | Corporate | Global Newsroom | Toyota Motor Corporation Official Global WebsiteTOYOTA MOTOR CORPORATION.Nov 7, 2019

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