Toyota is partnering with BYD, a Chinese electric automaker, to build electric vehicles (EV)—and EV batteries—for the Chinese market.
In a joint statement, the companies said that they would develop sedans and sport utility vehicles to be sold in China under the Toyota brand as early as next year.
Toyota is a relative newcomer to the battery EV market, but the carmaker has an ambitious plan for that growing market. The company intends for EVs to make up half of its global sales by …
Source URL: Toyota Bets Big on Chinese EV Market With BYD Partnership
Source Website: Advance Engineering – Engineering.com