Climate change crisis, a common enemy, has bought competitors BYD and Toyota together to strike a deal to develop mutually beneficial battery technologies and vehicles.
Recently they have entered into an agreement that will see them partnering on the development of electric vehicle batteries. The batteries lay the foundation for an electrified future for both companies as the agreement includes provisions to partner on the development of sedans and low-floor SUVs as well.
The move is the latest in a string of news from Toyota that show how Toyota is turning the rudder on its business away from internal combustion engines towards battery electric vehicles.
To get into the battery electric vehicle game, Toyota went to one of the world leaders in both battery technology and plug-in vehicles: BYD.
Just last month, Toyota rolled out plans to co-develop a new chassis with Subaru specifically for electric vehicles called the e-TNGA, or the electric Toyota New Global Architecture.
It is the new flexible platform for electric vehicles produced by the two companies and can be stretched or shrunk to fit different vehicle types.
Toyota has set a public target of selling a full 50% of its vehicles as electrified vehicles by 2025 and is slowly but surely moving towards that goal.
Reference- Toyota PR, BYD Newsroom, Clean Technica, Autocars India