Toyota and BYD will jointly produce electric carsApril 2, 2020
Toyota and BYD have registered a joint venture that will specialize in the design and manufacture of electric cars.
A cooperation agreement between the two companies was concluded on November 7, 2019, but all the organizational formalities of the company were settled only by April 2. The names of the executives were named: Zhao Binggen from BYD took the post of chief executive officer, and Hirohis Kisi from Toyota was appointed chairman of the board.
Giving a comment to this event, Hirohisa Kisi explained that: in common work, Toyota and BYD engineers will strive to produce electric cars that are superior in characteristics that will satisfy consumers’ needs in the Middle Kingdom.
Zhao Binggen also commented on the deal, saying that such a joint venture would specialize in research and development of high-tech battery electric vehicles.
The main office of the enterprise will be located in Shenzhen, about 300 employees will work in it.
- “Piece of cheese” with a jet engine sells for the price of a Kia Ceed
- The most powerful Toyota Camry against two “charged” Honda
- The rarest BMW M1 of the creator of the Boney M group will be sold at auction for 435,000 pounds sterling
- Polestar will put three new cars on the conveyor of a plant in China
- Images of the off-road Ford EcoSport Active 2021 appeared on the web