Subaru and Toyota will co-develop a new EV platform

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Subaru and Toyota will partner to create a brand-new electric vehicle platform, both automakers confirmed Thursday. The Japanese companies will jointly develop a compact SUV on this architecture, a version of which will be sold under both brands.

"The two companies intend to take up the challenge of creating attractive products with appeal that only BEVs (battery electric vehicles) can offer," the automakers said in a statement.

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Subaru and Toyota will co-develop a new EV platform | Ecency