Officially Official: Tesla inks $60M Toyota deal to supply components for RAV4 EV
by Autoblog Staff (RSS feed) on Oct 14th, 2010 at 10:32AM
In a regulatory filing submitted on Wednesday, Tesla Motors revealed that it has signed a $60 million contract with Toyota to develop electric powertrain components for a battery-powered RAV4. This agreement states that Tesla will develop the battery, power electronics module, electric motor, gearbox and software for the popular crossover. The filing builds upon an earlier announcement when Toyota and Tesla stated their intentions to partner on the development of future electric vehicles. Tesla's filing with the U.S. Securities and Exchange Commission reads: On October 6, 2010, Tesla... Read More
