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 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.