General Motors and China's BYD will partner to develop EVs and batteries for the Chinese market, with the aim of releasing models between 2020 and 2025. General Motors has predicted 5.5 million in global sales of EVs by 2025. It recently announced a deal to buy batteries from China's Contemporary Amperex Technology, as it reportedly seeks to close in on rivals Toyota and Volkswagen in the coming decade.
Toyota and China's BYD will partner to develop EVs and batteries for the Chinese market, with the aim of releasing models between 2020 and 2025. Toyota has predicted 5.5 million in global sales of EVs by 2025. It recently announced a deal to buy batteries from China's Contemporary Amperex Technology, as it reportedly seeks to close in on rivals General Motors and Volkswagen in the coming decade.