Monday, December 5, 2022
News Toyota and BYD to Jointly Build a $30,000 EV for China

Toyota and BYD to Jointly Build a $30,000 EV for China

Toyota’s new cheap EV will fast-forward its position as an EV provider despite being against the rush towards full electrification


  • The affordable EV is set to launch late next year.

  • It will become part of Toyota’s bZ family of EVs.

  • This EV will be slightly larger than the Corolla.


Despite opposing the rush towards banning the internal combustion engine and actively lobbying against the mass adoption of EVs, Toyota has taken a big step to becoming a rare automaker to offer a truly affordable EV. They’ve turned to BYD, or “Build Your Dreams”, for help with a new soon-to-launch sub-$30,000 electric vehicle for the Chinese market.

BYD Han EV | Photo: BYD

BYD is relatively unknown in North America. Depending on where you live, small fleets of electric BYD taxis and buses can be seen carrying passengers. The fact is that BYD is huge and has developed a less bulky lithium-iron-phosphate (LFP) Blade batteries that also happens to be inexpensive.

This is the chief reason behind Toyota pairing up with BYD to produce an affordable EV. The new car will be Corolla-sized however with a larger back seat, an important feature for Chinese consumers.

“The car was enabled by BYD battery technology,” one of the sources told Reuters. “It has more or less helped us resolve challenges we had faced in coming up with an affordable small electric sedan with a roomy interior.”

The new bZ family EV will be revealed as a concept at next April’s Beijing auto show. For now, it’s expected that it will initially only be on sale in China.

2023 Toyota bZ4X officially unveiled with 400 kilometers of range

Trending Now

No Extra Power for S650 2024 Ford Mustang?

Multiple sources say 450 hp for 2024 Mustang GT Ford still planning 500 hp Dark Horse model The next-generation 2024 Ford Mustang is coming...

Toyota bZ4X: Cold Weather Tests Show a Much Shorter Range than Advertised

The electric SUV only managed to drive 47% of its WLTP range in Danish tests conducted at 4˚C (39˚F). Even when compared with...

More power and more range for the 2024 Volvo C40/XC40 Recharge

The 2024 model year will switch to a RWD setup. Expect more power and more range. Will Polestar follow Volvo with the 2?   It...

Tesla is Preparing a Facelift for the 2024 Model 3

This update will be similar to the one made to the Model X and the Model S in 2021. The interior is expected...

VinFast Opens its First Store in Quebec

It is located at the Carrefour Laval. This is VinFast’s second Canadian outlet. Vietnamese automaker VinFast is powering its way onto the Canadian, and...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.