Tokyo: Toyota Motor Corp and Subaru Corp have agreed to jointly develop a battery-electric-vehicle (BEV) platform and a BEV sport-utility vehicle for sale under each company's own brand, Toyota said on Thursday.

The companies will apply Subaru's all-wheel-drive technologies and Toyota's vehicle electrification technologies, Toyota said in a statement.

Toyota and Subaru launched a partnership in 2005. Toyota is the largest shareholder in Subaru with a stake of 16.77%, according to Refinitiv data.

This story has been published from a wire agency feed without modifications to the text.