Toyota Launches Second Model In Its bZ Series

by Shivani Kumaresan, Benzinga Staff Writer

October 24, 2022 1:03 PM | 1 min read |

Toyota Motor Corp TM has launched a small electric sedan, Toyota bZ3, the second model in its bZ (beyond zero) series.
The bZ3 is a battery electric sedan jointly developed for the Chinese market by BYD Toyota EV Technology Co Ltd (BTET), a joint venture established by Toyota and BYD Company Ltd. (BYD) and FAW Toyota Motor Co. Ltd (FAW Toyota).
It will be produced by and sold through the FAW Toyota dealer network.
The electrification system combines BYD's lithium-ion LFP battery using lithium iron phosphate and Toyota's electrification technologies, achieving a maximum cruising range of over 600 km.
Also Read: Rolls-Royce Chief Touts Its Debut EV As 'Most Perfect' Product; Bags Massive Orders Even Before Launch
Price Action: TM shares are trading higher by 0.67% at $134.65 on the last check Monday.
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