21 Jul '11, 9pm

Tesla and Toyota further strengthen relationship - Tesla secures another $100 million for RAV4 EV components Tesla h...

Tesla and Toyota further strengthen relationship - Tesla secures another $100 million for RAV4 EV components Tesla h...

Tesla and Toyota further strengthen relationship Toyota and Tesla expand their EV relationship Tesla secures another $100 million for RAV4 EV components Tesla has inked a $100 million dollar deal to supply electric motors and battery packs for the Toyota RAV4 EV, on top of the $60 million already secured for the same purpose. Additionally, Tesla is hoping to bring RAV4 EV production to Tesla’s Freemont auto assembly plant — ironically once owned by Toyota. To date, Toyota owns a 2.9 percent interest in Tesla and appears primed for an even bigger investment. Source: AutoObserver

Full article: http://www.hybridcarblog.com/tesla-and-toyota-further-str...

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