Toyota, Subaru to jointly develop range of electric vehicles (EVs)

Toyota, Subaru to jointly develop range of electric vehicles (EVs)

Companies to produce midsize, large vehicles, compact-sized crossover.

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Tokyo, Japan – Toyota Motor Corp. and Subaru Corp. have agreed to jointly develop a platform dedicated to battery electric vehicles (BEVs) for midsize and large passenger vehicles and to jointly develop a C-segment-class (compact) BEV SUV model for sale under each company's brand.

Combining Subaru’s expertise in all-wheel-drive technologies and Toyota’s electrification prowess, the companies hope to create unique new offerings for an increasingly competitive global market.

Toyota and Subaru have shared some design and manufacturing resources since 2005 and have shared vehicle platforms in the past on the jointly developed rear-wheel-drive Toyota 86 and Subaru BRZ in 2012. Subaru also tapped Toyota’s hybrid electric vehicle (HEV) know-how for the Crosstrek Hybrid plug-in hybrid electric vehicle (PHEV) in the United States.

Officials with he companies say joint development is necessary to get the appropriate buying scale needed to make batteries affordable and to develop longer-range, more efficient vehicles.

Following the agreement with Toyota, Subaru will shift its existing BEV development resources to the new joint project.