# 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.

- Type: Partnership
- Announced: 2019-11-07
- Where: China
- Status: announced
- Products: battery-electric cars
- 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

- [cnbc.com](https://www.cnbc.com/2019/11/07/buffett-backed-byd-signs-up-to-electric-car-partnership-with-toyota.html), 2019-11-07: "We have the same goal to further promote the widespread use of electrified vehicles."

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