Subaru plans to release three new electric SUVs jointly developed with Toyota by 2026. Its small size makes it risky to enter the uncertain EV landscape alone, so teaming up helps reduce costs and risks.
Subaru is leaning on Toyota for joint development to share the massive research and development costs of creating EVs and reconfiguring production facilities, despite a 75% increase in operating profit.
Toyota and Honda are moving forward with big plans for electric cars, though the Japanese auto industry has lagged in EV adoption, favoring hybrids and hydrogen-powered vehicles.
[
add
]
[
|
|
...
]