Tesla developing Toyota RAV4 and Lexus RX electric vehicles
21 Jul 2010|3,398 views
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"We anticipate range and acceleration exceeding that of other announced electric vehicles of this class," Elon Musk, chief executive officer of Tesla. There are also plans for an all-electric version of Toyota's popular Corolla sedan, but the two SUVs get priority as they "are better suited to the weight of Tesla's battery pack".
The Tesla and Toyota tie-up sees the electric car specialist acquire Toyota's NUMMI factory in California as part of the deal, with the plant used to produce Tesla's Model S and other vehicles. Toyota meanwhile purchased a US$50 million stake in exchange. Tesla is also 5 percent owned by Daimler AG, who has invested about US$50 million in the firm over the past year.
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"We anticipate range and acceleration exceeding that of other announced electric vehicles of this class," Elon Musk, chief executive officer of Tesla. There are also plans for an all-electric version of Toyota's popular Corolla sedan, but the two SUVs get priority as they "are better suited to the weight of Tesla's battery pack".
The Tesla and Toyota tie-up sees the electric car specialist acquire Toyota's NUMMI factory in California as part of the deal, with the plant used to produce Tesla's Model S and other vehicles. Toyota meanwhile purchased a US$50 million stake in exchange. Tesla is also 5 percent owned by Daimler AG, who has invested about US$50 million in the firm over the past year.
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