<ul data-eligibleForWebStory="false"><li>Toyota was surprised by the speed and agility of Chinese automaker BYD during a joint EV development project.</li><li>Chinese automakers have drastically cut EV development timelines to just two years, forcing traditional automakers like Toyota to adapt to the faster pace.</li><li>BYD's Silicon Valley-like approach of moving fast and making quick iterations contrasts Toyota's meticulous and reliable engineering culture.</li><li>BYD's focus on speed and lower labor costs has enabled it to become a global brand, offering modern EVs at competitive prices, challenging traditional automakers.</li></ul>

Toyota Was ‘Flabbergasted’ By BYD’s EV Development Speed

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