AutoBeta(AutoBeta.net)06/06 Report--

Toyota and Subaru will jointly develop a sports electric SUV on a jointly built platform to share production costs, Toyota and Subaru said in a statement on Thursday.

The statement said it would integrate their advanced technologies into the model, Subaru's four-wheel drive technology and Toyota's electrification technology.

The alliance between Toyota and Subaru is nothing new. Toyota, as Subaru's largest shareholder, has worked on a number of joint projects for a long time. Toyota's 86 and Subaru's BRZ, two very popular sports cars, were also jointly developed, withdrew from the Chinese market because of substandard emissions, and recently returned to the Chinese market after a redesign.

As early as March this year, Subaru and Toyota planned to jointly develop a new electric car, and the hair is expected to be sold on the market in 2021. Previously, Subaru froze its own electric vehicle development project. Subaru believes that electric vehicle development projects need to bear huge costs, based on which he decided to work with Toyota and gain Toyota's previous work experience.

Major car manufacturers around the world are researching and developing emerging technologies such as battery electric vehicles and self-driving cars, which require a lot of financial support. But sharing technology is also a good way to reduce costs.

"both sides agree that there is a need to pursue a business model that goes beyond conventions and across industry boundaries," the statement said. "

Toyota is seeking partnerships with competitors and technology companies to reduce capital expenditure on developing new technologies. In April, Toyota announced that it would provide hybrid technology to other automakers.

Toyota has been in the lead in electrification technology. Toyota launched the electrified representative Prius as early as 1997.

However, while Toyota is a leader in hybrid and fuel cell technology, it lags behind competitors such as Nissan, Volkswagen and Tesla in bringing all-electric vehicles to market.

Subaru, Japan's smallest major carmaker, is trying to independently invest in low-emission cars and on-demand travel services. It is widely believed that these services are essential to survive the technological upheaval in the global auto industry.

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