Toyota & Subaru Collaborate on EV Development to Cut Production Costs
TMToyota(TM) ZACKS·2024-10-08 00:46

Toyota Motor Corporation (TM) and Subaru Corporation (FUJHY) , a manufacturer and distributor of automobile products, are set to launch a jointly developed electric vehicle (EV) in Japan, the United States and Europe in 2026, per Nikkei. The production of the EV is scheduled to begin in January 2026 at Subaru’s Yajima plant in Japan’s Gunma prefecture. The plant’s production capacity is expected to rise in the range of 15,000-20,000 vehicles per month. Due to high EV prices, the companies aim to cut product ...