Toyota, China’s BYD form alliance to promote EV adoption

摘要

London—China’s BYD and Japan’s Toyota Motor forged a joint venture that will work on research and development of battery electric vehicles, a statement read Thursday. The companies said late 2019 that they were formalizing paperwork to establish the JV, which is now complete, with the JV scheduled to commence operations from May. The new company is called BYD Toyota EV Technology.