(Beijing, April 2, 2020) BYD Toyota Electric Vehicle Technology Co., Ltd. (hereinafter referred to as a BYD Toyota Electric Vehicle Technology Co., Ltd. (hereinafter referred to as BYD) (Referred to as “joint venture company”) was formally established. Since Toyota and BYD signed a joint venture agreement on the establishment of a joint venture on November 7, 2019, the two parties have actively promoted the preparation of the joint venture, and the joint venture is scheduled to officially open in May. Kishi Hongshang from Toyota serves as chairman, and Zhao Binggen from BYD serves as general manager.
 
Regarding the formal establishment of the joint venture company, Chairman Anshang said: “After the establishment of the joint venture company, Toyota and BYD’s engineers with their respective technical strengths will learn from each other and learn about car building skills together to develop excellent performance that is popular with Chinese consumers. Pure electric car. “

A pure electric vehicle research and development company established by Toyota and BYD

General Manager Zhao Binggen said, “We will be a joint venture company that researches and develops pure electric vehicle technologies based on China and Japan’s technology and experience. We are committed to promoting and popularizing high-quality technologies for electric vehicles that are more environmentally friendly, safe, comfortable, and intelligent. Our common vision It is a society that creates consumer-centric future travel and harmonious sharing between man and nature. “

Toyota and BYD will strive to meet the diverse needs of consumers by developing and popularizing pure electric vehicles that consumers love, while contributing to China’s environmental improvement.

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