BYD, Toyota to establish joint company for battery-electric vehicle research and development
Green Car Congress
NOVEMBER 7, 2019
The new R&D company, which will work on designing and developing BEVs (including platform) and its related parts, is anticipated to be established in China in 2020, with BYD and Toyota to evenly share 50% of the total capital needed. In 2008, BYD became the first company to sell mass production of plug-in hybrid electrified vehicles (PHEVs).
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