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.
This article was translated by “T-4OO”.