Recently, the Toyota Group released 15 pure electric vehicle models in one go, including the first pure electric vehicle cooperated by Toyota and BYD, which is the bz SDN concept car. It is reported that the new car will be launched at the Beijing Auto Show next year and is scheduled to be officially launched at the end of 2022.
Toyota bZ SDN concept car is positioned in a pure electric medium-sized sedan, the styling draws on the design language of some Toyota bZ4X concept cars, it is understood that the future release of the mass production version will use lithium iron phosphate blade battery technology from BYD, the price may be less than 200,000 yuan.
On July 19, 2019, BYD signed a contract with Toyota Motor To jointly develop pure electric models for cars and low-chassis SUVs, as well as power batteries required for the above products. In the future, the joint models of the two companies will use the Toyota brand and are scheduled to be launched in the Chinese market by 2025.
On March 25, 2020, BYD Toyota Electric Vehicle Technology Co., Ltd. was officially established, registered in Pingshan District, Shenzhen, with a registered capital of 345 million yuan, the legal representative is Zhao Binggen, manager of the overall department of BYD Automobile Institute, and the chairman is Kishi Hongshang, president of Toyota Global Prime Powertrain Internal Company, both sides hold 50% of the shares, and the subscribed capital is 172.5 million yuan.
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