Just a few days after announcing a deal with Chinese rechargeable batteries, Toyota announced it will partner with another BYD company to develop China's fully electric cars. -pod jeeps. The cars will be released under Toyota's brand in the first half of the 2020s. "
Earlier this week, Toyota has reached a partnership deal with another battery company in China, Contemporary Amperx Technology Co., Ltd. (CATL). The deal with CATL is just a battery deal that does not include EV development. Toyota also has a partnership with Panasonic's battery.
Toyota's release of its new partnership addresses the need for rivalry with BYD aside:
emissions by promoting the widespread use of BEVs. In order to achieve these goals, both companies believe that it is necessary to put aside their rivalry and to cooperate;
Toyota seeks to accelerate its plans for all electric cars after lagging behind for years, although the company said it did not deviate from the hybrids.
earlier this year debuted two almost similar ultracompact crossover vehicles in China ̵
BYD smashed the ground to a 20 GWh rechargeable battery earlier this year. The company produces a number of its own electric vehicles, including electric cars for China, electric trucks and electric buses.
BYD already has a partnership with Daimler to produce electric cars for the Chinese market under the Denza brand. 19659011] Take Electrek
Many of what we said a few days ago still apply. Toyota is changing its habits, at least somewhat – it just has to do this to keep China's market. The massive 20 GWh gi factor of BYD in the work. It is now placed in a decent position, at least in terms of battery development.
We have questions about the vague deadlines for vehicles in this particular deal. The release of new electric cars in the "first half of 2020" means that these cars could be 5-6 years old. If this is the case, it is not fast enough.
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