Toyota and BYD have planned to increase the trend of electric vehicle policy. Toyota has a big name in the international auto industry. Both companies have plans to work together and make a company to produce an electric vehicle. The registration process is complete and now they are planning to start production. BYD also join hands with Daimler of Germany for production purposes.
According to the details, the production work will start in May 2020. In this joint project, 3 directors are from Toyota and three are from BYD. BYD and Toyota make a new production company to enhance EVs production and design the vehicle with a different style. The new company is called as BYD Toyota EV Technology. It means the new production plant is only for electric battery vehicles. The company is located in Pingshan District in Shenzhen city of Guangdong province.
Electric cars are good for the environment. We can control pollution to produce an electric vehicle. This joint venture will make the production easy and increase employment. At this occasion, the CEO of BTET Hirohisa Kishi stated that:
“With the engineers from BYD and Toyota working together under the same roof, we aim to develop BEVs that are superior in performance and meet the needs of customers in China by merging the two companies’ strengths and also through friendly rivalry.”
On the other side the person who is listed in the name of BTET CEO by BYD Zhao Binggen said:
This joint venture company will focus on the research and development of battery electric vehicles with technology and know-how from both China and Japan. The company is committed to promoting and populating high-quality technologies that make battery electric vehicles more environmentally friendly, safe, comfortable, and intelligent. Our vision is to create a future customer-first mobility style, and harmonious society for humans and nature.”
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