Toyota, BYD announce joint car enterprise in China
Japanese carmaker Toyota has signed an agreement with BYD, according to which the two companies will join forces in producing all-electric crossover SUVs, sedans/saloons and traction batteries in China.
Several new Toyota-branded vehicles must enter the Chinese market in 2020 through 2025, the agreement stipulates.
Interestingly, it was BYD that pioneered the production of plug-in hybrid vehicles (PHEVs) in 2008 and has been the world leader in PHEV sales since 2015.
For its own part, Toyota has spent quite a long time researching its own hybrid tech, but ended up enlisting the help of other Japanese companies to design and produce a new electrified vehicle platform. At least ten different models will soon enter production based on this platform in China. This means they will most likely be assembled on BYD factories.
BYD’s current flagship EV, the Tang, packs a powertrain of four electric engines, accelerates 0-100 km/h (0-62 mph) in 4.4 seconds and offers up to 500 kilometers (311 miles) of range when fully charged.
Editor Andrew Raspopov
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