Toyota and BYD have launched a new electric car company with the goal of “developing BEVs that appeal to customers.”

The world’s biggest and most valuable automaker has been the slowest to move to electric cars.

In 2017, Toyota announced a major expansion of its electric car plans with 10 new BEVs and all models to have electric motors, but we have yet to see an all-electric car from Toyota come to market outside of China.

But the automaker has been making a lot of deals with other companies related to electric vehicles.

Last year, Toyota announced a new wide-ranging battery partnership for electric vehicles.

A few months later, the Japanese automaker also reached a deal with Chinese giant CATL for an electric car battery partnership.