BYD/Toyota collaborate to launch pure electric vehicles by 2025

Forefoot Toyota Gang and the 'upstart' Ningde era 'official announcement' in the power lithium-ion battery field, and the back foot has joined hands with the industry 'big man' BYD, but the latter's cooperation is not limited to power lithium-ion batteries. On July 19, BYD Co., Ltd. (hereinafter referred to as 'BYD') and Toyota Motor Corporation (hereinafter referred to as 'Toyota') signed a contract under which the two parties will jointly develop pure electric vehicle models for cars and low-floor SUVs, as well as the aforementioned products, etc. The required power lithium-ion battery. Regarding the specific performance and parameters of the cooperative models, the two parties have not yet announced any further information, but it is clear that in the future the cooperative models will use the Toyota brand and are planned to be put on the Chinese market before 2025. The Autohome also learned earlier that the cooperation between the two parties will be carried out in the name of the two companies and will not establish a joint venture. The multi-dimensional cooperation between Toyota and BYD has already begun. In June this year, Toyota announced at the electrification-related theme conference in Tokyo that it would cooperate with CATL, BYD, Toshiba and other car battery manufacturers to accelerate the development of new energy vehicles. At that time, there were voices from the outside world that the cooperation between Toyota and BYD was not only in the field of power lithium-ion batteries. The signing of this contract further confirmed the above speculation. In fact, as representatives of traditional car companies, BYD and Toyota have both worked in the field of new energy for many years. Needless to say, BYD has been carrying the 'new energy' label since it entered the automotive field. The company launched its first plug-in hybrid model in 2008 and has won the world of new energy vehicles for four consecutive years since 2015. In March of this year, BYD also launched the e-series positioning pure electric, hoping to start with mini vehicles to further popularize new energy vehicles. For Toyota, as early as 1995, with the advent of the first hybrid car, the Prius, it has been active on the 'stage' of clean energy vehicles. Since the beginning of this year, it has accelerated the layout of electrification, and proposed that by 2025, the company's new energy vehicle sales will increase to more than 5.5 million, which is about 5 years ahead of the previously announced plan. However, Toyota's layout in the new energy field has always been mainly plug-in hybrid vehicles and hydrogen fuel-powered lithium battery vehicles, but its pace in the pure electric field is slow. This time it chooses to cooperate with BYD, or it can quickly master pure electric Upstream and downstream supply systems related to the field, and BYD may also be able to develop more business models.