"Additionally, BYD and Toyota plan to staff the new company by transferring engineers and the jobs currently involved in related R&D from their respective companies..."
I think it is significant that they put this line in the press release. This is shouting : "WE ARE NOT MESSING AROUND!"
It also implies a startup in the short-term, because folks would have to have already been told and accepted, I believe.
"Additionally, BYD and Toyota plan to staff the new company by...
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