Automotive

BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) announced today that preparations have proceeded since they signed an agreement for the establishment of a joint venture company to conduct research and development of battery electric vehicles (BEVs) on November 7, 2019, and registration of the new company has been completed. Operations are scheduled to commence in May 2020. The name of the new company is BYD TOYOTA EV TECHNOLOGY CO., LTD. (BTET). Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the chief executive officer (CEO).

Stanley Electric, a Japanese supplier of automotive headlights that often went unnoticed by investors before the novel coronavirus, possesses ultraviolet sterilizing technology considered crucial in preventing another outbreak.

Toyota Motor and Nippon Telegraph and Telephone have decided to sign a capital and business tie-up deal, Nikkei learned Tuesday.

Toyota Motor has teamed up with Chinese autonomous driving startup Momenta to commercialize its high-definition mapping system in China.

Nissan Motor will sell electric-drive versions of all new and redesigned models to hit the Japanese market starting in fiscal 2020 as it shifts further away from gasoline power under tighter emissions rules, Nikkei has learned.

Toyota Motor is preparing to release a new ultracompact electric vehicle with a standardized battery that can be easily reused in homes.

Japanese motor maker Nidec will invest around 200 billion yen ($1.8 billion) in overseas production of drive units for electric vehicles, aiming to raise output capacity to as much as 10 million units.

SoftBank Group is making a push for self-driving buses in Japan, unveiling on Monday a plan to carry passengers on public roads from April.

ANA Holdings Inc. said Wednesday it had started testing a semi-autonomous bus that it plans to use to transport passengers and staff working at Haneda Airport in Tokyo.