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The joint venture of EV between Toyota and BYD starts in May

The joint venture of EV between Toyota and BYD starts in May

April 7, 2020

Toyota Motor announced on April 2, 2020 that it has completed the registration of a joint venture with BYD for electric vehicles (EV). The business will start around this May. The new company is called BYD TOYOTA EV TECHNOLOGY (BTET) and the headquarter is located in Shenzhen, Guangdong, China. The capital share was halved between Toyota and BYD. BTET is responsible for designing and developing of EV, EV platforms and related components.

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joint venture

EV

Toyota

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Japanʼs Machine Tool Order

February, 2024

★ billions of yen

Total order	114
Domestic order	33
Foreign order	82

※The information will be updated every month.

Source : Japan Machine Tool Builderʼs Association