Phate Zhang / CnEVPost »

“The project is still in the confidential stage of development, please refer to the announcement of both sides,” Chinese media quoted an unnamed BYD‘s source as saying.

Toyota will release an all-electric compact car in China next year that will use BYD’s core technologies, including its lithium iron phosphate batteries and lower-cost engineering, Reuters reported earlier today, citing four people familiar with the matter.

The model will be unveiled at the Beijing Auto Show next April and will likely be the second model in Toyota’s bZ series, but for now will only be sold in China, according to the report.

The model will be positioned below high-end electric cars like the Tesla Model Y and NIO ES6, but above the extremely cheap Hongguang Mini EV, the report said.

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