28 May '14, 4pm

Toyota still wants Tesla's battery help, still evaluating RAV4 EV program

Toyota still wants Tesla's battery help, still evaluating RAV4 EV program

said earlier this month that the agreement it has with Toyota to supply battery packs for the Toyota RAV4 EV SUV would be finished by the end of the year . The deal is done, but Toyota is now singing its best version of Baby, Please Don't Go . The Japanese automaker may look to extend the battery-pack agreement with California-based Tesla, Automotive News says, citing comments made by Osamu Nagata, who heads Toyota's manufacturing and engineering in North America. Nagata also complimented Tesla for its "clear business strategy." Toyota, which owns 2.5 percent of Tesla, started the RAV4 EV collaboration in 2012, in which Tesla was to make about 2,600 battery packs for the all-electric SUV. That agreement was estimated to be worth about $100 million. "We are also evaluating the RAV4 EV program and will have more to say at a later date" – Toyota "We have a good relationship w...

Full article: http://green.autoblog.com/2014/05/28/toyota-still-wants-t...

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