Toyota and BYD form joint venture for battery-electric cars

Toyota Motor Corporation and China's BYD Company announced a 50-50 joint venture to design and develop battery-electric cars. The venture will be staffed by transferring engineers from both companies.

“We have the same goal to further promote the widespread use of electrified vehicles.”cnbc.com

• 1 source
• cnbc.comBuffett-backed BYD signs up to electric car partnership with ToyotaDavid ReidNov 7, 2019

Summarized from public sources; check the original articles before acting on it.