BYD Toyota EV Technology
BYD Toyota EV Technology
Co launched-operates in May
2020
The joint venture between a Chinese automaker BYD Company (BYD) and Toyota Motor Corporation was announced on November 7, 2019, to conduct research and development of battery electric vehicles (BEVs). But now it has announced that they are into preparations to commence the operations in May 2020.
BYD Toyota EV Technology Company
The registration of the new company has been done and the new company is named as BYD Toyota EV Technology (BTET).
Its chairman will be from Toyota, Hirohisa Kishi and Zhao Binggen from BYD will be the chief executive officer (CEO).
The company’s new chairman said that both the companies engineers will work together at the same place and we aim to develop BEVs that gives higher performance and will meet the needs of the customers in China by collaborating the two companies strength.
CEO Zhao Binggen said that they will focus on the research and development of electric vehicles with technology from both China and Japan. The company will promote high-quality technology, more eco-friendly, safe, comfortable and intelligent.
He said that their vision is to create a future customer-first mobility style and harmonious society for humans and nature.
Recently, Toyota and Panasonic have joined their hands to form a joint venture specialising in automotive prismatic batteries for electric vehicles.
Toyota partners Panasonic to develop Prismatic Batteries for EVs
It has also unveiled ‘Vellfire’ a new luxurious self-charging hybrid electric vehicle in India. It delivers a powerful driving experience with lesser fuel consumption and carbon footprints. We can call it as a strong hybrid vehicle.
Self-charging hybrid EV ‘Vellfire’
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