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Toyota, Subaru to develop battery electric vehicle platform

Toyota, Subaru to develop battery electric vehicle platform
FILE PHOTO: A Subaru logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy -
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TOKYO (Reuters) – Toyota Motor Corp and Subaru Corp have agreed to jointly develop a battery-electric-vehicle (BEV) platform and a BEV sport-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 stake of 16.77%, according to Refinitiv data.

(Reporting by Chris Gallagher; editing by Uttaresh.V)

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