Toyota and Tesla Motors Inc. have just confirmed today that the two will be working in conjunction with each other to build Toyota’s RAV4 Electric Vehicle at Toyota’s plant in Woodstock, Ontario.
“The Tesla-Toyota joint development team has agreed that building the vehicle at the Woodstock plant on the same line as the gasoline-powered RAV4, will streamline and simplify the production process and guarantee the highest level of quality control,” said Ray Tanguay, the chairman of Toyota’s Motor Manufacturing Canada Inc. “This is a great example of Toyota’s determination to collaborate with companies with leading edge technology.”
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Toyota said that they will pay Tesla about $100 million to supply the full electric powertrain, which includes the battery, motor, gearbox and all associated electronics. The lithium-ion battery pack powered RAV4 EV is capable of traveling close to 100 miles on a single charge.
Toyota has yet to officially release pricing and vulime figures, but we can see those details pop up as we get closer to the launch date, which is pegged for sometime in 2012.
– By: Chris Chin