Toyota and BYD will partner to develop BEVs for the Chinese market, the two companies announced Thursday. The automakers will invest 50-50 in a new company, the primary mission of which will be to design and develop BEVs from the ground up. Staffing of the new company's engineering and R&D departments will come from the pool of existing Toyota... Toyota and BYD join forces for EV development in China
Toyota and BYD will partner to develop BEVs for the Chinese market, the two companies announced Thursday. The automakers will invest 50-50 in a new company, the primary mission of which will be to design and develop BEVs from the ground up. Staffing of the new company's engineering and R&D departments will come from the pool of existing Toyota...