Toyota Motor Co. and Chinese electric automaker BYD Co. announced a partnership Thursday to develop battery-powered vehicles, adding to a flurry of industry tie-ups to share soaring development costs.
Toyota, China's BYD announce electric car venture: Toyota Motor Co and Chinese electric automaker BYD Co announced a partnership Thursday to develop battery-powered vehicles, adding to a flurry of industry tie-ups to share soaring development… https://t.co/RmKZDIebs8
— Japan Today News (@JapanToday) April 2, 2020
Automakers are spending billions of dollars to create low-cost models that appeal to Chinese buyers and meet government-imposed sales quotas following the end of subsidies last year that turned China into the technology’s biggest global market.
Volkswagen AG, Ford Motor Co. and other brands have linked up with Chinese producers to create lower-cost electric models. BYD also has a separate electric vehicle venture, Denza, with Daimler AG’s Mercedes-Benz.
Read more: Affordable Crown Electric Cars Introduced in Pakistan
Toyota and BYD “determined that there is much we can learn from one another’s expertise,” the companies said in a statement. They gave no financial details or sales plans.
Crown electric in Pakistan
It is worth noting that Crown electric cars are going to be launched in Pakistan very soon and also at a very affordable price tag. The Crown Group has been in the business of making auto parts since 1963 and has recently been working on many projects involving electric vehicles.
The Crown Group currently has plans for two electric vehicles to be launched in Pakistan at different prices and includes a 3-seater car along with a 4-seater car with improved features.
The starting price for an electric car, a pilot project, is Rs 400,000. It’s a two-door hatchback with a seating capacity of two persons. The prices of the rickshaws and motorcycles are between Rsn200,000 and Rs 55,000 respectively.
Topsun Motors launched 1000cc Zotye’s Z100 hatchback. The company has also introduced JMC in two variants: single and double cabin
The company says its vehicles will cost Rs 1.25 for each kilometre travelled, which “makes it the cheapest” option available for transport.
Farhan Hanif, the chairperson of the group, says the two and three-wheeler automobiles can travel 60 km to 70 km on a full charge. A car fully charged on a 50-amp battery can travel up to 50 km.
Eight Chinese companies have partnered with the Crown Group in joint ventures, said Hanif, adding that the company is ready to expand production as soon as the government implements its electric vehicle policy.
Zotye: Pakistan’s First Electric Car
Pakistan in collaboration with China has established the first electronic car company, Topsun Motors in the country. The company inaugurated its showrooms on 3rd January 2020 in Lahore.
Provincial Minister of Punjab for housing, urban development and public health engineering, Mian Mehmood-ur-Rasheed graced the inauguration of the Topsun Motors.
Read more: Govt announces huge tax cuts on electric cars in Budget 18-19
Topsun Motors have introduced four models that include hatchback and three models of JMC. Topsun Motors launched 1000cc Zotye’s Z100 hatchback. The company has also introduced JMC in two variants: single and double cabin.
As per the initial price quoted by the company, Zotye Z100 costs PKR 1,490,000; JMC Single Cabin PKR 2,950,000, JMC Double Cabin PKR 3,950,000 and JMC Vigus 2.4-litre PKR 5,015,000.