In November 2019, BYD Co. Ltd. (BYD) and Toyota Motor Corporation signed a cooperation agreement to establish a 50-50 joint venture company to conduct electric vehicle research and development. Toyota Electric Vehicle Technology
Now that the new company has been formally established and registered, it is expected to start operations in May this year. The name of the new company established by the joint venture is: BYD TOYOTA EV TECHNOLOGY CO., LTD., Its headquarters is located in Shenzhen, with Hirohisa Kishi as the chairman of Toyota, and Zhao Binggen of BYD As general manager.
See too: Test Drive the Bad Boy Toyota GR Supra! - Video
Chairman An Hongshang said that by combining the R & D energies of both parties and the healthy competition between each other, the goal of the joint venture is to develop high-performance electric vehicles to meet the diverse needs of Chinese consumers. Toyota Electric Vehicle Technology
General Manager Zhao Binggen said that the joint venture company will use the top technology of both parties to focus on the development of electric vehicles, and combine the latest technology to make electric vehicles more friendly and smarter to the environment, creating a new people-oriented mobile trend and a harmonious society.
This post was last modified on April 7, 2020 8:32 pm
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