# Toyota and BYD formalize EV joint venture

Toyota and BYD have formalized a joint venture for electric vehicles. The announcement was made on March 26, 2020.

- Type: Acquisition
- Announced: 2020-03-26
- Status: announced
- Products: electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BYD](https://endata.com/companies/9720.md) (partner)
- [Toyota](https://endata.com/companies/16194.md) (partner)

## Sources

- [autonews.com](https://www.autonews.com/china/toyota-byd-formalize-ev-joint-venture/), 2020-03-26: "Toyota, BYD formalize EV joint venture"

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