China’s BYD to launch a new electric vehicle platform next yearOctober 27, 2020
China’s largest electric vehicle manufacturer BYD will launch a new product and production platform for electric vehicles next year, a company executive said on Tuesday.
Liang Yubo, senior vice president of BYD, gave a speech at an industry conference in Shanghai. According to him, the production of cars using the new platform will cost less, and electric cars will have an increased range per charge.
It is possible that Japanese colleagues from Toyota will help Chinese engineers in developing a new platform. Thus, a cooperation agreement between the two companies was concluded on November 7, 2019, but all organizational formalities of the company were settled only by April 2, after which a new company was founded. The names of the leaders have been announced: Zhao Binggen from BYD took over as CEO, Hirohisa Kishi from Toyota was appointed chairman of the board.
Commenting on this event, Hirohisa Kishi explained that: with the common work, Toyota and BYD engineers will strive to produce superior performance electric vehicles that will satisfy the needs of consumers in the Middle Kingdom.
Zhao Binggen also commented on the deal, stating that such a joint venture would specialize in research and development of high-tech battery electric vehicles.
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