# BYD and Toyota establish 50-50 joint venture for EV technology

BYD and Toyota established BYD Toyota EV Technology Co, a 50-50 joint venture, on April 2, 2020, to research, develop, and manufacture electric vehicles. Operations are expected to commence in May 2020.

- Type: Partnership
- Announced: 2020-04-02
- Where: China
- Status: announced
- Products: electric vehicles, electric vehicle technologies
- 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

- [global.chinadaily.com.cn](https://global.chinadaily.com.cn/a/202004/13/WS5e93d8eea3105d50a3d15c4a.html), 2020-04-13: "On April 2, BYD Toyota EV Technology Co, a 50-50 joint venture, was established by the two sides."

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