BYD, Toyota Agree to Establish Joint Company for Battery Electric Vehicle Research and Development
2019年11月7日 - 07:12PM
JCN Newswire (英)
BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota)
announced today that they have signed an agreement to establish a
joint company to research and development for battery electric
vehicles (BEVs). The new R&D company, which will work on
designing and developing BEVs (including platform) and its related
parts, is anticipated to be established in China in 2020, with BYD
and Toyota to evenly share 50% of the total capital needed.
Additionally, BYD and Toyota plan to staff the new company by
transferring engineers and the jobs currently involved in related
R&D from their respective companies.
On the establishment of the new company, BYD senior vice president
Lian Yu-bo said
"We aim to combine BYD's strengths in development and
competitiveness in the battery electric vehicle market with
Toyota's quality and safety technology to provide the best BEV
products for the market demand and consumer affection as early as
we can."
Toyota executive vice president Shigeki Terashi commented
"With the same goal to further promote the widespread use of
electrified vehicles, we appreciate that BYD and Toyota can become
"teammates", able to put aside our rivalry and collaborate. We hope
to further advance and expand both BYD and Toyota from the efforts
of the new company with BYD."
BYD was founded in 1995 as a battery business and has grown into a
total energy solution company, manufacturing not only electrified
vehicles but other products such as large-size energy storage
cells. The company name BYD stands for "Build Your Dreams" and core
parts for electrified vehicles such as batteries, motors and power
electronics are among the products that BYD develops in-house. In
2008, BYD became the first company in the world to sell mass
production of plug-in hybrid electrified vehicles (PHEVs). Since
2015 onwards, BYD's sales of BEVs and PHEVs have been ranked first
in the world for four consecutive years.
Since Toyota launched the Prius, the world's first mass-produced
hybrid electric vehicle (HEV), in 1997, the company has become a
pioneer of electrified vehicle development with a focus on HEVs.
Toyota has sold more than 14 million electrified vehicles worldwide
and has accumulated extensive knowledge concerning the development,
production, and sale of both HEVs and their related core
components. Also, based on the thinking that electrified vehicles
contribute to society only when its popularized, Toyota is
initiating electrification globally. In China, Toyota is also
working on spreading electrification and also developing vehicles
which meets Chinese customer's needs in collaboration between
Toyota Motor Engineering & Manufacturing (China) Co., Ltd.
(TMEC) and the R&D centers established at Chinese joint-venture
companies with China FAW Group Corporation (FAW) and Guangzhou
Automobile Group Co., Ltd. (GAC).
With the newly established joint R&D company, Toyota and BYD
aim to work together to further develop BEVs that are attractive to
Chinese customers, and by further promoting their widespread
adoption, aim to contribute toward environmental improvement.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926
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