Subaru Corp. unveiled its first all-electric SUV jointly developed with Toyota Motor Corp. as the smaller automaker plays catchup with its larger peers in the world of electric cars.

The Japanese automaker premiered its Solterra, built on the new "e-Subaru Global platform,” at a new conference in Tokyo on Thursday.

The platform, developed in conjunction with Toyota, is dedicated to battery-electric cars. The model will be sold in the U.S., Canada, Europe, China and Japan by the middle of next year, along with Toyota’s bZ4X.