Toyota RAV4 EV
Toyota and Tesla pair up to develop joint RAV4 EV
In a move that should help both Toyota and Tesla, the pair has announced they will jointly develop a Toyota RAV4 electric vehicle to be built at the Toyota Woodstock, Ontario plant starting next year.
Toyota agreed to pay Tesla approximately $100 million to supply the electric powertrain, which includes the battery, motor, gearbox and power electronics for the RAV4 EV.
Tesla will build the electric powertrains at its production facility in Palo Alto, Calif., and then ship them to the Woodstock plant for final assembly into the vehicle.
The RAV4 EV will be sold at U.S. Toyota dealers through Toyota Motor Sales, U.S.A., Inc. Details including pricing, volume and regional distribution will be determined and announced later.
Concurrently, Tesla is also in the process of launching its second electric vehicle, an electric family sedan called the Model S, at its plant in Fremont, Calif.
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Provided by The News Herald