olee Posted June 6, 2019 Posted June 6, 2019 TOKYO -- Toyota Motor Corp. and Subaru Corp. have agreed to jointly develop a battery-electric-vehicle (BEV) platform and a BEV utility vehicle for sale under each company's own brand, Toyota said on Thursday. The companies will apply Subaru's all-wheel-drive technologies and Toyota's vehicle electrification technologies, Toyota said in a statement. Toyota and Subaru launched a partnership in 2005. Toyota is the largest shareholder in Subaru with a 16.8 percent stake, according to Refinitiv data. Tokyo, Japan, June 6, 2019―Toyota Motor Corporation (Toyota) and Subaru Corporation (Subaru) disclosed today that they 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 BEV SUV model for sale under each company's own brand. By combining their respective strengths, such as the all-wheel-drive technologies that Subaru has cultivated over many years and the vehicle electrification technologies that Toyota is employing to bring together other companies that share its aspirations, the two companies intend to take up the challenge of creating attractive products with appeal that only BEVs can offer. Ever since concluding an agreement on business collaboration in 2005, Toyota and Subaru have been deepening their cooperation in various fields, including development, production, and sales. Examples include efforts that led to the start of sales of the jointly developed rear-wheel-drive Toyota 86 and Subaru BRZ in 2012 and the start of sales of Subaru's Crosstrek Hybrid original plug-in hybrid electric vehicle (HEV) in the United States, to which was applied knowledge related to Toyota's HEV technologies.
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