BEIJING (AP) — Toyota Motor Co. And chinese electric powered automaker BYD Co. Announced a partnership Thursday to expand battery-powered motors, including to a flurry of industry tie-u.S.A.To share hovering improvement fees.

Automakers are spending billions of bucks to create low-price fashions that attraction to chinese consumers and meet authorities-imposed income quotas following the stop of subsidies last yr that grew to become China into the technology’s largest international marketplace.

Volkswagen AG, Ford Motor Co. And different brands have linked up with chinese producers to create decrease-fee electric powered models. BYD also has a separate electric powered car mission, Denza, with Daimler AG’s Mercedes-Benz.

Toyota and BYD “determined that there's plenty we are able to examine from one another’s expertise,” the organizations said in a declaration. They gave no economic info or income plans.