ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Electric cars in China

Toyota teams with BYD on electric cars for China

Japanese automaker finds another partner in race to catch rivals

Toyota displays its Izoa electric car at the Auto Shanghai motor show in April. (Photo by Satoshi Yoshida)

NAGOYA, Japan -- Toyota Motor said Friday it has agreed to develop electric vehicles with BYD, the Chinese leader in that field, aiming to roll out electric sedans and SUVs under the Toyota brand in China during the first half of the 2020s.

The tie-up, which includes development of batteries for electrified vehicles, may also lead to joint production as China loosens restrictions on local manufacturing of environmentally friendly autos by foreign companies. For now, the electric vehicles likely will be manufactured at Chinese plants that Toyota already operates with two local partners.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more