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Toyota Teams Up With China’s BYD on Electric Vehicles

  • Global carmakers are striking EV deals with Chinese partners
  • Pact also includes development of electric-car batteries
BYD Co.'s Qin Pro DM sedan.

BYD Co.'s Qin Pro DM sedan.

Photographer: Qilai Shen/Bloomberg
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Toyota Motor Corp. and BYD Co. agreed to jointly develop electric vehicles in China, the latest in a series of deals between a major global automaker and Chinese manufacturer.

The two companies will work together on electric sedans and sports-utility vehicles with the goal of introducing them during 2020 to 2025, they said in a statement Friday. The partnership also includes the development of batteries for the vehicles, they said.