# 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.

- 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

- [global.toyota](https://global.toyota/en/newsroom/corporate/30565932.html), 2019-11-07: "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)."

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