Saturday 31 July 2010

Toyota teams up with Tesla to electrify Rav4

Toyota and electric vehicle upstart Tesla Motors will work together to develop an electric version of Toyota's Rav4 medium SUV, with plans to begin selling it in the US in 2012.
Tesla already is working on the electric power system for the Rav4. The electric carmaker has built one prototype for testing and plans to deliver a fleet of them for Toyota to evaluate later this year.
The companies announced a partnership in May to develop and build electric cars at a recently closed automotive factory in the San Francisco Bay area.
Tesla, which last month began selling shares to the public, said it hoped to drive down the cost of electric vehicles so they become within reach of mainstream buyers.
Toyota has said it was investing US$50 million ($70 million) in Tesla, with the electric car company buying the New United Motor Manufacturing factory, known as Nummi, in Fremont, California, where the Tesla Model S electric sedan will be built.

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