Toyota and BYD join forces for EV development in China

By [email protected] (Byron Hurd) 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…

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