Toyota and Subaru to Launch Joint Electric Vehicle in 2026
TapTechNews October 7th news, according to Nikkei Asia's report on October 4th, Toyota and Subaru will jointly launch an electric vehicle in Japan, the United States and Europe in 2026.
It is known that Subaru's factory in Gunma Prefecture, Japan will start production around January 2026, and the monthly production capacity will be increased to 15,000 to 20,000 units. In the case of the high price of electric vehicles, the goal of the partners is to reduce production costs and shorten development time by standardizing key components.
TapTechNews note: Toyota and Subaru jointly developed a pure electric SUV in May 2022 and launched it in the market under the names of Toyota bZ4X and Subaru Solterra.
To reduce costs, the aforementioned new electric vehicle will be an SUV that combines the components of bZ4X and other models.
Subaru announced at a news conference in May 2024 that it will mutually provide four electric vehicle models with Toyota by the end of 2026, because Subaru considers itself as difficult to go it alone - it is difficult to develop electric vehicles by itself, so it will enrich its product lineup with the help of Toyota.
Subaru's goal is to sell 600,000 electric vehicles annually by 2030, and at that time, electric vehicles will account for 50% of its global sales, which is half of the total.
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