In May, Toyota and Tesla announced their new partnership in which the Japanese automaker would invest $50 million in the American electric-car company following it’s initial public offering, which took place on June 29.
According to reports coming out of Japan, Toyota is now working on a new electric-car that will feature Tesla Motors technology. Toyota’s CEO Akio Toyoda was quoted in media reports from Japan saying that Toyota is working on a prototype electric-vehicle with Tesla.
CNNMoney says that it has obtained an internal Toyota briefing document confirming the reports.
It is currently unclear how far the vehicle is in development but Toyoda said details of the program will be released later. How later? We have no clue.
– By: Omar Rana