BYD is one of the largest electric car manufacturers in China, but the coronavirus and a reduction in government subsidies have combined to knock the stuffing out of recent sales.
To help the company keep its factories open and its workers employed, BYD is now seeking customers for its electric car components and technology. The company has begun offering a full range of EV components to its competitors and to newly formed auto manufacturers.
It plans to make electric car batteries, powertrains, lights, and other components available to others. The new business model will be called FinDreams and will have five auto parts subsidiaries.
One of the technologies BYD would like to share with other companies is its new Blade Battery.
Toyota too has turned to BYD for rescue as its single minded focus on conventional hybrids instead of battery electric cars has landed the company offerings hopelessly out of whack with the Chinese government’s New Energy Vehicle program as well as with Chinese customers in general.
They have formed a Joint Venture company which will focus on the research and development of battery electric vehicles with technology and know-how from both China and Japan.
The company is committed to promoting and populating high-quality technologies that make battery electric vehicles more environmentally friendly, safe, comfortable, and intelligent.
Reference- BYD PR, Clean Technica, Electrek, InsideEVs