SILVIA RODRIGUEZ AWARDED ‘2019 MINING WOMAN OF THE YEAR’
Dr. Silvia Rodríguez (Orocobre Limited’s Shared Value Program Manager) has been distinguished with the Enrique Miguel González ‘2019 Mining Woman of the Year Award’ at Panorama Minero’s annual “Night of Distinctions” dinner. Silvia was selected in recognition of her commitment to the mining industry, prioritising local community relationships and for tirelessly advocating the inclusion of... View Article
China Raises 2025 Electrified-Car Sales Target to About 25%
China raised its 2025 sales target for electrified cars as the government tries to spur an industry that’s showing signs of slowing down. The country wants about 25% of new cars sold by 2025 to be electrified, according to a draft policy published by the Ministry of Industry and Information Technology on Tuesday. Its last... View Article
Orocobre 2019 Annual General Meeting – Video
For all those who couldn’t attend the 2019 Annual General Meeting (AGM), Orocobre is pleased to share this video of both the Chairman’s and CEO’s presentations.
July 22, 2019
BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) have signed an agreement for the joint development of battery electric vehicles (BEVs). The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the Toyota brand in the first half of the 2020s.
BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells. The company name BYD stands for “Build Your Dreams” and core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house. In 2008, BYD became the first company in the world to sell mass production of plug-in hybrid electrified vehicles (PHEVs). Since 2015 onwards, BYD’s sales of BEVs and PHEVs have been ranked first in the world for four consecutive years.
In 1997, Toyota became the first company in the world to launch mass production hybrid electrified vehicles (HEVs). Since then, it has become a pioneer of electrified vehicle development, and accumulated a rich array of technologies and experience in the development, production, and sales of electrified vehicles.
To curb global warming, both BYD and Toyota seek to reduce CO₂ emissions by promoting the widespread use of BEVs. To accomplish these goals, both companies believe there is a need to put aside their rivalry and collaborate; therefore, the two companies have agreed to jointly develop BEVs.
Going forward, BYD and Toyota will make use of the electrified vehicles, and battery development technologies they have acquired through their market introductions and will work together to further develop BEVs that are attractive to customers and in further promoting their widespread adoption.