{"id":54101,"date":"2020-04-04T21:32:02","date_gmt":"2020-04-04T19:32:02","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=54101"},"modified":"2020-04-04T21:32:02","modified_gmt":"2020-04-04T19:32:02","slug":"toyota-launches-new-electric-car-company-with-byd","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/toyota-launches-new-electric-car-company-with-byd\/","title":{"rendered":"Toyota launches new electric car company with BYD"},"content":{"rendered":"

Toyota and BYD are launching today a new electric car company with the goal of \u201cdeveloping BEVs that appeal to customers.\u201d<\/span><\/ins><\/ins><\/ins><\/p>\n

The world\u2019s biggest and most valuable automaker has been the slowest to move to electric cars.<\/p>\n

In 2017,\u00a0Toyota announced a major expansion of its electric car plans with 10 new BEVs and all models to have electric motors<\/a>, but we have yet to see an all-electric car from Toyota come to market outside of China.<\/p>\n

But the automaker has been making a lot of deals with other companies related to electric vehicles.<\/p>\n

Last year, Toyota announced\u00a0a new wide-ranging battery partnership for electric vehicles.<\/a><\/p>\n

A few months later, the Japanese automaker also\u00a0reached a deal with Chinese giant CATL for an electric car battery partnership.<\/a><\/p>\n

After announcing a deal with China\u2019s biggest battery maker, Toyota announced\u00a0a new joint-venture with China\u2019s biggest electric vehicle manufacturer: BYD<\/a>.<\/p>\n

Today, Toyota announced that the new company has been registered and will start operation in May.<\/p>\n

New Chairman Hirohisa Kishi, Toyota\u2019s head of powertrains, commented on the launch of the company:<\/p>\n

\u201cWith 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\u2019 strengths and also through friendly rivalry.\u201d<\/p><\/blockquote>\n

Zhao Binggen, who comes from BYD, has been appointed CEO. He commented:<\/p>\n

\u201cThis 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 a harmonious society for humans and nature.\u201d<\/p><\/blockquote>\n

The new company\u2019s mission is to \u201cresearch and develop BEVs that appeal to customers and promoting their widespread adoption and also hope to contribute to improving the environment in China.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Toyota and BYD are launching today a new electric car company with the goal of \u201cdeveloping BEVs that appeal to customers.\u201d The world\u2019s biggest and most valuable automaker has been the slowest to move to electric cars. In 2017,\u00a0Toyota announced a major expansion of its electric car plans with 10 new BEVs and all models […]<\/p>\n","protected":false},"author":410,"featured_media":54102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[7084,6984],"yoast_head":"\nToyota launches new electric car company with BYD - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Toyota and BYD are launching today a new electric car company with the goal of \u201cdeveloping BEVs that appeal to customers.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/toyota-launches-new-electric-car-company-with-byd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toyota launches new electric car company with BYD - 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