Connect with us

Hi, what are you looking for?

CleanTechnica

Autonomous Vehicles

Breaking: Toyota & BYD To Jointly Develop EVs & Batteries In New Deal

BYD and Toyota announced this morning that the two industry powerhouses have entered into an agreement that will see them partnering on the development of electric vehicle batteries.

Image credit: Kyle Field | CleanTechnica

BYD and Toyota announced this morning that the two industry powerhouses have entered into an agreement that will see them partnering on the development of electric vehicle batteries. The batteries lay the foundation for an electrified future for both companies as the agreement includes provisions to partner on the development of sedans and low-floor SUVs as well.

The new set of vehicles will be produced under the Toyota brand specifically for the Chinese market in the early 2020s. On paper, BYD and Toyota are competitors, but the climate change crisis is a common enemy and brought the two companies together to strike a deal to develop mutually beneficial battery technologies and vehicles.

BYD’s battery modules for its electric buses. Image credit: Kyle Field | CleanTechnica

The move is the latest in a string of news from Toyota that show how Toyota is turning the rudder on its business away from internal combustion engines towards battery electric vehicles. To get into the battery electric vehicle game, Toyota went to one of the world leaders in both battery technology and plug-in vehicles: BYD.

BYD founder Wang Chuanfu and his team built BYD from the ground up as an energy storage solution and manufacturing partner for consumer electronics, and later into the automotive industry. His vision for a new energy economy built the company up to what it is today, the world leader in plug-in vehicle sales.

Just last month, Toyota rolled out plans to co-develop a new chassis with Subaru specifically for electric vehicles called the e-TNGA, or the electric Toyota New Global Architecture. It is the new flexible platform for electric vehicles produced by the two companies and can be stretched or shrunk to fit different vehicle types.

Toyota electric cars

Image credit: Toyota

Then, last week Toyota dove in to the real electric vehicle game and inked a battery supply deal with the Chinese battery behemoth CATL. The new deal gives Toyota the electrified line of battery credit it so desperately needed to make a serious move into the fully electric vehicle space.

Toyota has set a public target of selling a full 50% of its vehicles as electrified vehicles by 2025. The fuzzy use of “electrified” allows the company to count its traditional non-plug-in, fossil-fuel-powered, “self-charging” hybrids in the number. Boiling that down to hard numbers, Toyota is hoping to achieve 15% of its sales from fully electric vehicles on its new e-TNGA platform by 2030.

In calendar year 2018, Toyota produced 8,885,533 vehicles, so its 2020 target translates to a plan to sell 1.3 million battery electric vehicles in 2030. Tesla is on track to achieve a similar feat in 2021.

If you’re in the market for a Tesla, feel free to use my Tesla Referral code for your purchase: http://ts.la/kyle623 . Doing so gives the buyer and me 1,000 miles of free Supercharging credit and allows us to cover Tesla even better in the future.

Featured photo by Kyle Field | CleanTechnica


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. As an activist investor, Kyle owns long term holdings in BYD, SolarEdge, and Tesla.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

The opportunity for pumped hydro and other storage in the rapidly expanding African market are high.

Cars

Originally posted on EVANNEX. by Charles Morris Around the time Tesla announced plans to build the Shanghai Gigafactory, China’s government rolled out the red carpet....

Climate Change

China now emits more greenhouse gas pollution than the 37 member nations of the OECD combined, a new report from the Rhodium Group says. China’s climate...

Cars

Tesla is developing a platform for its customers in China that will allow them to access the data that their vehicle generates, Reuters reports....

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.