• Nieuwsbrief

22 07 2019 01

Toyota is accelerating their pace in developing battery electric vehicles: After a battery cooperation with CATL was signed a few days ago, the Japanese carmaker is now announcing the details of a comprehensive deal with BYD.

The deal provides for the joint development of BEVs and their batteries. According to a Toyota press release, electric sedans and SUVs are planned for launch on the Chinese market in the first half of the 2020s under the Toyota brand. One sentence in particular stands out: “To accomplish these goals [CO2 reduction], both companies believe there is a need to put aside their rivalry and collaborate; therefore, the two companies have agreed to jointly develop BEVs”.

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