In response to today’s rumor that “Toyota will launch a new small electric vehicle in China and use BYD blade batteries”, the relevant person in charge of BYD said that the project is still in the R&D confidential stage. Please refer to the announcements of both parties for details.
There is news today that Toyota will launch an all-electric small car in the Chinese market later next year. In order to produce a model with a reasonable price and ample space in the car, Toyota turned to its partner BYD for key technologies.
Two sources said that Toyota’s new electric vehicles will be highly competitive in terms of price. One of them said that the price of this car may be less than 200,000 yuan, and the target is directly aimed at the small electric cars that Tesla is expected to launch in the next two years. It is reported that this EV will be unveiled as a concept car at the Beijing Auto Show in April 2022, and it is likely to be launched in the Chinese market as the second model of Toyota’s new bZ pure electric vehicle series.
We learned that at the 26th United Nations Climate Change Conference in mid-November, many car companies around the world signed a letter of commitment confirming that they will completely stop selling fuel vehicles before 2040. Toyota rebelled against it, refused to sign the letter of commitment, and stated that most parts of the world are not ready to embrace new energy vehicles, such as the Middle East and Africa.
