Partially fake news or ? I saw a presentation by Toyota this past week, showing their vehicle strategy in the various world markets.
North America clearly included BEVs, as did many other markets. - Mark Sent from my Fuel Cell powered iPhone > On Nov 10, 2019, at 3:53 PM, brucedp5 via EV <[email protected]> wrote: > > > > https://cleantechnica.com/2019/11/08/toyota-byd-form-joint-venture-to-manufacture-electric-cars-in-china/ > Toyota & BYD Form Joint Venture To Manufacture Electric Cars In China > November 8th, 2019 Steve Hanley > > [image > https://cleantechnica.com/files/2019/05/BYD-Tang.jpg > BYD Tang Photo by CleanTechnica > ] > > We have been saying for months that a wave of consolidations are likely to > take place in the automotive industry over the next few years as the > pressure to develop electric vehicles and autonomous cars strains the > research and development of existing companies to the breaking point. FCA > has been pleading for someone — anyone — to merge with it. Volkswagen and > Ford have reached an agreement to share the German company’s new MEB > electric car platform. Ford is also cozying up to Rivian. It’s like a global > game of musical chairs has begun. Some existing companies are going to find > themselves on the outside looking in when the music stops ... > > ... it comes as a surprise to learn that Toyota and BYD have formed a new > jointly owned company to develop battery electric vehicles for the Chinese > market. According to a joint press release dated November 7, a copy of which > was sent by email to CleanTechnica, the two companies say their new > enterprise will be owned 50–50 by both companies. The new consortium is set > to begin operations next year. > > BYD senior vice president Lian Yu-bo says, “We aim to combine BYD’s > strengths in development and competitiveness in the battery electric vehicle > market with Toyota’s quality and safety technology to provide the best BEV > products for the market demand and consumer affection as early as we can.” > > Toyota executive vice president Shigeki Terashi adds, “With the same goal to > further promote the widespread use of electrified vehicles, we appreciate > that BYD and Toyota can become ‘teammates’, able to put aside our rivalry > and collaborate. We hope to further advance and expand both BYD and Toyota > from the efforts of the new company with BYD.” > > BYD has ranked first in the world in battery electric and plug-in hybrid > sales for the past four years. Toyota has sold more than 14 million hybrid > electric vehicles since 1997. With the newly established joint R&D company, > Toyota and BYD aim to work together to further develop BEVs that are > attractive to Chinese customers, and by further promoting their widespread > adoption, aim to contribute toward environmental improvement. > > It may be appropriate to point out here that Toyota has joined with General > Motors and others to oppose the waiver granted to California three decades > ago under the US Clean Air Act which allows that state to set more rigorous > fuel economy standards than those required by federal law. Apparently Toyota > doesn’t think it can work the refs in China the way it can in the US. Toyota > has steadfastly refused to offer fully battery electric cars to its > customers in North America. > > If ever there was an example of a corporation talking out of both sides of > its mouth and refusing to stand up for the Earth, Toyota is it ... > > In an email, David Leggett, automotive editor at GlobalData, a leading data > and analytics company, told CleanTechnica, “This collaboration is a way to > save costs and position both companies to capitalize on China’s rapid BEV > market growth over the next ten years. GlobalData forecasts that by 2030 > annual production of BEVs in China will be approaching six million vehicles > per annum — a six-fold increase on the current level. China will be at the > heart of future global growth for electric vehicles. News of the agreement > between Toyota and BYD to develop EVs for the Chinese market makes sense for > both. They can share costs and utilize their respective strengths. > > “China-based BYD is an electric battery technology specialist with very good > knowledge of the Chinese marketplace and needs, while Toyota is a global > original equipment manufacturer with proven strengths in vehicle development > and can bring its systems to bear in areas such as manufacturing, quality > and safety. Further, China is the world’s largest automotive market and > Beijing is creating the conditions for a ramp-up in ‘New Energy Vehicles’ > such as plug-in electric hybrids and fully-EVs.” > > Leggett clearly thinks forming a joint venture is a wise move for both > companies. Others may see it as a “Hail Mary” play by Toyota to try to get > itself back into the game after ... far too long ... > [© cleantechnica.com] > ... > https://www.google.com/search?q=talking+out+of+both+sides+mouth+forked+tongue > search on talking out of both sides mouth forked tongue > > > https://www.globaltrademag.com/byd-toyota-collaborate-for-electric-vehicles/ > BYD & Toyota Collaborate for Electric Vehicles > November 8th, 2019 Build Your Dreams (BYD) and Toyota released information > this week confirming next steps behind a joint company that would ultimately > support battery electric ... > > > https://www.forbes.com/sites/sebastianblanco/2019/11/07/byd-toyota-partner-up-for-new-electric-vehicles/#45d40bda24a1 > BYD, Toyota Partner Up For New Electric Vehicles > Nov 7, 2019 ... The two companies said that the new JV will be set up in > China some time in 2020 with each company contributing half of the > investment needed. The JV will design and develop all-electric vehicles, > including new platforms and “related parts.” The resulting BEVs will be > destined for BYD’s home country, as they are supposed to be made in such a > way as to be, “attractive to Chinese customers.” ... > > > [dated] > http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-EV-newswire-posts-for-20190726-tp4694268.html > ... > https://auto.economictimes.indiatimes.com/news/auto-components/toyota-chinas-byd-team-up-to-develop-battery-evs/70302839 > Toyota, China's BYD team up to develop... > Jul 21 2019 > > > + (Ferrari even slooower to embrace EVs than TMC) > https://www.wsj.com/articles/ferrari-ceo-races-to-build-companys-brand-11573300801 > Ferrari CEO Races to Build Company's Brand > Mr. Camilleri is grappling with the rise of electric vehicles and the > advance of autonomous-driving technology ... Being a tobacco executive > offered relevant lessons ... it involved “managing a company which is part > of an industry going through major transformation and how to keep ahead of > that transformation.” ... the first fully electric Ferrari should arrive > between 2025 and 2030 ... > > > > > For EVLN EV-newswire posts use: > http://www.evdl.org/archive/ > > > {brucedp.neocities.org} > > -- > Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ > _______________________________________________ > UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub > ARCHIVE: http://www.evdl.org/archive/index.html > INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org > Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA) > > _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub ARCHIVE: http://www.evdl.org/archive/index.html INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
