News on May 9 this year, according to relevant domestic information, Toyota's joint venture in China is planning to introduce plug-in hybrid models in the next two to three years. This is a significant change in strategy. Toyota may abandon its traditional Hybrid gasoline-electric hybrid system and instead adopt BYD's DMI super hybrid technology. Please note that the above content is a rewrite after slight adjustments and has not been continued.
According to the editor’s understanding, the plan involves two or three new models. However, there is no more definite information as to whether these new hybrid vehicles will be launched as scheduled. Sources pointed out that Toyota is inclined to adopt BYD's DMI technology this time, mainly due to its low cost and technological maturity.
The partnership between Toyota and BYD has a precedent. In March last year, the Toyota bZ3 electric vehicle jointly developed by the two parties was launched. Its power system uses BYD's Fodi motor and lithium iron phosphate battery. In addition, the two companies also jointly established "BYD Toyota Electric Vehicle Technology Co., Ltd." to strengthen cooperation in technology research and development and model development.
The reason why Toyota chose to cooperate with BYD depends on BYD Chairman Wang Chuanfu’s revelation that it is mainly because of the gap between Toyota’s rapid investment in the electric vehicle industry and China’s new energy vehicle companies. Through cooperation with BYD, Toyota's electric vehicle products are expected to enter the market two to three years in advance and achieve faster implementation.
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