TOKYO — Toyota said it would develop battery electric vehicles and batteries with BYD Co Ltd, in a sign it was ramping up partnerships with Chinese players as planned to build affordable EVs for the world's top auto market. In a joint statement, Toyota and the Chinese electric automaker said on Friday that they would develop sedans and sport utility vehicles, which would then be sold under the Toyota brand in China before 2025. Earlier this week, Toyota announced it was teaming up with China's Contemporary Amerex Technology Co Ltd (CATL) to supply and develop batteries for lower-emission vehicles. Widely considered a latecomer in embracing battery EVs versus rivals including Nissan, Toyota had flagged in June that it aimed to get half of its global sales from EVs, including gasoline hybrids, by 2025, five years ahead of schedule. But to meet this accelerated timeline, Toyota, Japan's top automaker, would need to look beyond Panasonic Corp, its long-time partner in battery development, to secure supply. These measures come amid a breakneck growth in the zero-emission vehicle market, with tighter global emissions regulations expected to shift even more drivers away from gasoline engine vehicles in the coming decades. In China, Toyota is planning to launch its first battery EV, a version of its C-HR/IZOA compact crossover, next year.
Toyota has been a champion of hybrids and hydrogen fuel cell vehicles, but in the near future it will bet heavily on battery EVs as well. The most recent statement from the Japanese manufacturer details there are several new BEVs in the pipeline.
Toyota has stated its intent for half of its global 2025 sales to consist of electrified vehicles. Plans include selling 4.5 million hybrids, which perform well in Toyota sales metrics already — Reuters says 80% of global hybrid vehicle sales are Toyotas. But 1 million vehicles will be EVs with either battery or hydrogen fuel cell power. From 2020 on, the carmaker will introduce at least 10 new BEVs, six of which will be based on the electrified version of its TNGA platform, dubbed e-TNGA, and sold globally. There will be a host of electric SUVs and crossovers in different sizes, along with a sedan and an MPV.
TOKYO — Toyota and Subaru announced they will jointly develop a battery-electric crossover on a platform developed for multiple production vehicles. The first crossover built on the platform will be a C-segment vehicle, which will be a small vehicle similar in size to a Toyota RAV4 or Subaru Forester. It will also be sold by both brands with altered styling and badging.
The small crossover will only be the first vehicle to use the platform, though, as it's being developed for use in medium-small C-segment sedans and both D-segment larger sedans and crossovers. So we could see electric cars similar to the Corolla and Impreza, Camry and Legacy, and even the Highlander and Ascent on this platform in the future.
General Motors will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday. The largest U.S. automaker is expected to announce it plans to build a new electric compact vehicle for Chevy, said the people, who asked not to be identified. GM executives also will formally endorse a revised North American free trade deal known as USMCA, the sources said. GM declined to comment. Company executives are expected to make the case that the new EV — originally considered for one of GM's Chinese plants — is being built in the United States because of the new trade deal that is still awaiting approval by the U.S. Congress. GM has come under harsh attacks from President Donald Trump over its decision to end production at its Lordstown, Ohio, assembly plant. On Thursday, the company said its executives would be joined at the Orion plant by United Auto Workers union Vice President Terry Dittes and government officials to announce "a major new investment focused on the development of GM future technologies." GM Chief Executive Mary Barra is expected to make the formal announcement, which could add hundreds of jobs. The new Chevy vehicle is based on the same compact architecture as the Chevrolet Bolt EV and the Cruise AV that are assembled in Orion. The Orion Township plant is slated to begin building a new generation of electric and self-driving vehicles, using GM's dedicated BEV3 architecture, but not until 2023, a third source said. GM said a year ago it would invest $100 million to upgrade the Orion Township plant ahead of commercial production of the Cruise AV in late 2019. Rival Ford this week said it planned to expand its Flat Rock plant outside Detroit to add production of electric vehicles, an investment of more than $850 million expected to add 900 jobs. Ford's first self-driving vehicles will be assembled nearby at an as-yet-undisclosed location.
NAGOYA, Japan — Toyota and Suzuki on Wednesday said they planned to produce electric vehicles and compact cars for each other to better compete with fast-changing technologies in the global auto industry. The agreement follows an initial R&D tie-up announced by Japan's No. 1 and No. 4 automakers in 2017, and will see more vehicles produced by Suzuki for Toyota, one of the world's biggest carmakers. Although Suzuki is far smaller, it is a dominant force in the fast-growing Indian market. The two automakers have been pooling their strengths. Toyota is a leader in hybrid technology and is investing heavily in automated driving, while Suzuki specializes in affordable compact cars — as many automakers struggle to keep pace with ballooning investment in EVs and self-driving cars. Under the latest agreement, Suzuki will source gasoline hybrid systems for cars it sells worldwide from Toyota, which pioneered hybrid vehicles with the Prius more than 20 years ago, the companies said in a joint statement. In return, Suzuki will produce two compact models for Toyota in India based on its Ciaz and Ertiga models. Further cooperation with Suzuki will help Toyota expand its presence in India, the world's fifth-largest passenger car market where it has struggled to grow sales due to lean demand for its lower-cost models. The deepening partnership between the two automakers will enable cost-conscious Suzuki to tap into Toyota's R&D firepower to develop lower-emission vehicles and self-driving cars — areas which Suzuki has admitted it is struggling to keep up. "We believe that the expansion of our business partnership with Suzuki ... will help give us the competitive edge we will need to survive this once-in-a-century period of profound transformation," Toyota President Akio Toyoda said in a statement. The two automakers will deepen their cooperation in India, where Suzuki's hybrid vehicles will be made using engines and batteries locally produced by Toyota. They will also join forces in Europe, where Toyota will produce electric vehicles based on its RAV4 SUV crossover and Corolla wagon for Suzuki, while Suzuki will supply Toyota with gasoline engines for compact vehicle models sold in the region. Suzuki will also produce its Baleno, Vitara Brezza, Ciaz, and Ertiga models for Toyota which will be rebranded and renamed as Toyota models for the African market.