2020 April 2, Toyota Motor Corporation (hereinafter referred to as “Toyota”) with BYD Company Limited (hereinafter referred to as “BYD”) joint venture pure electric vehicle research and development companies – Toyota, BYD Electric Vehicle Technology Co., Ltd. (hereinafter referred to as “joint venture”) was formally established.
since November 7, 2019 the two sides open to promote joint ventures in the preparatory work, the joint venture plans in May officially opened, then, the shore macro still from Toyota will serve as chairman of the board, from BYD Bing-root will serve as general manager.
Toyota Motor Corporation was established in August 28, 1937, is headquartered in Toyota City, Aichi, Japan and Bunkyo-ku, Tokyo. Toyota Motor Corporation since the beginning of 2008 to gradually replace General Motors Corp. to become the world’s number one ranked automobile manufacturer, Volkswagen Group to be surpassed in 2019. Its brands include Lexus, Subaru and so on.
BYD is a Chinese independent auto brand, was founded in 1995. The main production family car and business car and battery. In the battery field, BYD percentage with 100 independent research and development, design and production capacity, with 20 years of continuous innovation, product has been covering consumer 3C batteries, battery (lithium iron phosphate batteries and ternary), solar cells, and energy storage batteries and other fields, and formed a complete industrial chain of battery.
in terms of career development, Toyota actively participate in China-related business of vehicles, engines and auto ancillary facilities. For the formal establishment of the joint venture, Toyota shore macro is still chairman, he said: “After the joint venture company, Toyota and BYD technology to master their strengths together engineers will learn from each other, share their experience repairer skills in order to develop a performance by China’s consumers excellent pure electric vehicles. senior Vice execution “
▲ Toyota R & D Center (China) Co., Ltd. (TMEC) shore macro still
BYD Bing-root General Manager respond: “we are a set of Japanese technology and experience pure electric vehicle technology R & D joint venture is committed.To promote the popularity of electric vehicles more environmentally friendly, safe, comfortable, high-quality intelligent technology. Our shared vision is to create consumer-centric future travel, people and nature shared society. “
Bing-root ▲ BYD hospital general manager
In July last month, BYD had signed a contract with Toyota to jointly develop cars and SUV’s pure electric vehicle and battery. use the Toyota brand models, planned for 2025 for the China market. the two sides set up a joint venture it is to further this cooperation landing.