BYD–Toyota EV Joint Venture: Japanese Engineering Meets BYD EV Technology
The BYD Toyota EV Technology Co., Ltd. (BTET) joint venture represents an unusual partnership between two major automotive companies that were once direct competitors. Established in 2020 as a 50:50 joint venture, BTET focuses on the research, design and development of battery-electric vehicles, platforms and related components rather than directly manufacturing vehicles. The partnership was…