Toyota Innova Crysta Electric Vehicle gets tested for use in Indian market
BYD is a company which has been working for a very long time now on the electric vehicles; however, most of the EVs from the Chinese company particularly in the United States are right now the zero-emission buses. This looks like it is going to change specially in China as it was announced that Toyota and BYD are going to get into a new joint venture. This venture is going to focus on the developing and researching of the battery electric vehicles.
The companies said that the new Joint Venture will be set up in 2020 in China as each of the companies is going to contribute 50% of the investment needed. The JV is going to develop and design all-electric vehicles which are going to include related parts and platforms. The resulting vehicles are destined for China as they will be made in a way to make them more attractive for the customers in China.
The news is following an announcement made in the month of July. The announcement stated BYD and Toyota are going to consider coming together for the all-electric sedans and also low-floor SUVs.
They had then said that the batteries which were going to be developed by the companies is going to be for the SUVs and sedan models and is also going to be used for the other vehicles.
The companies gave more details about how they are going to staff in this new JV as they are going to transfer BYD and Toyota engineers from the related jobs in R&D in the companies to this JV as per a new statement issued by the companies.