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Tesla Motors and Toyota Motor Formalize Agreement to Develop Electric Version of RAV4 2010.07.21

Palo Alto, California, U.S.A., and Tokyo, Japan - July 16, 2010 - TESLA MOTORS, INC. (Tesla) and TOYOTA MOTOR CORPORATION (TMC) today announced that the two companies have signed an agreement to initiate the development of an electric version of the RAV4 as announced in May of this year by Elon Musk and Akio Toyoda. With an aim to market the EV in the United States in 2012, prototypes will be made combining the Toyota RAV4 model with a Tesla electric powertrain.

Toyota RAV4
Photo: Toyota
 

Tesla Motors, Inc.
Toyota Motor Corporation

Palo Alto, California, U.S.A., and Tokyo, Japan - July 16, 2010


TESLA MOTORS, INC. (Tesla) and TOYOTA MOTOR CORPORATION (TMC) today announced that the two companies have signed an agreement to initiate the development of an electric version of the RAV4 as announced in May of this year by Elon Musk and Akio Toyoda.

With an aim to market the EV in the United States in 2012, prototypes will be made combining the Toyota RAV4 model with a Tesla electric powertrain.

Toyota RAV4
Photo: Toyota
 
Tesla
plans to produce and deliver a fleet of prototypes to Toyota for evaluation within this year.
The first prototype has already been built and is now undergoing testing.
In May, Tesla and TMC announced their intent to cooperate on the development of electric vehicles, parts, and production system and engineering support.

Toyota RAV4
Photo: Toyota
 
Tesla
seeks to learn and benefit from Toyota's engineering, manufacturing, and production expertise, while Toyota aims to learn from Tesla's EV technology, daring spirit, quick decision-making, and flexibility.

TMC has, since its foundation in 1937, operated under the philosophy of "contributing to society through the manufacture of automobiles," and made cars that satisfy its many customers around the world.
TMC introduced the first-generation Prius hybrid vehicle in 1997.
The company also plans to introduce EVs into the market by 2012.

The electric Tesla Roadster
Photo: Tesla Motors
 
Tesla'
s goal is to produce increasingly affordable electric cars for mainstream buyers - relentlessly driving down the cost of EVs.

California-based Tesla designs and manufactures EVs and EV powertrain components, and is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production.


http://www2.toyota.co.jp/en/news/10/07/0717.html  



Tesla Motors and Toyota Motor Corporation Intend to Work Jointly on EV Development, TMC to Invest in Tesla


Tesla Motors, Inc.
Toyota Motor Corporation

Palo Alto, California, U.S.A. - May 21, 2010

TESLA MOTORS, INC. (Tesla) and TOYOTA MOTOR CORPORATION (TMC) today announced that they intend to cooperate on the development of electric vehicles, parts, and production system and engineering support.
The two companies intend to form a team of specialists to further those efforts.

TMC has agreed to purchase $50 million of Tesla's common stock issued in a private placement to close immediately subsequent to the closing of Tesla's currently planned initial public offering.

The electric Tesla Roadster accelerates from 0-60 mph in 3.7 seconds.
Photo: Tesla Motors
 
"I sensed the great potential of Tesla's technology and was impressed by its dedication to monozukuri (Toyota's approach to manufacturing)," said TMC President Akio Toyoda.
"Through this partnership, by working together with a venture business such as Tesla, Toyota would like to learn from the challenging spirit, quick decision-making, and flexibility that Tesla has. Decades ago, Toyota was also born as a venture business. By partnering with Tesla, my hope is that all Toyota employees will recall that 'venture business spirit,' and take on the challenges of the future."

The electric Tesla Roadster
Photo: Tesla Motors
 
"Toyota is a company founded on innovation, quality, and commitment to sustainable mobility. It is an honor and a powerful endorsement of our technology that Toyota would choose to invest in and partner with Tesla," said Tesla CEO and cofounder Elon Musk.
"We look forward to learning and benefiting from Toyota's legendary engineering, manufacturing, and production expertise."

Tesla Store Los Angeles
Photo: Tesla Motors
 
TMC
has, since its foundation in 1937, operated under the philosophy of "contributing to the society through the manufacture of automobiles," and made cars that satisfy its many customers around the world.

TMC introduced the first-generation Prius hybrid vehicle in 1997, and produced approximately 2.5 million hybrids in the twelve years since.
Late last year, TMC started lease of Prius Plug-in Hybrids, which can be charged using an external power source such as a household electric outlet.
The company also plans to introduce EVs into the market by 2012.

Tesla's goal is to produce increasingly affordable electric cars to mainstream buyers – relentlessly driving down the cost of EVs.

The electric Tesla Roadster accelerates from 0-60 mph in 3.7 seconds.
Photo: Tesla Motors
 
Palo Alto, CA-based Tesla
has delivered more than 1000 Roadsters to customers in North America, Europe and Asia.

Tesla designs and manufactures EVs and EV powertrain components.
It is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production.

The Tesla Roadster accelerates faster than most sports cars yet produces no emissions.
Tesla service rangers make house calls to service Roadsters.


http://www2.toyota.co.jp/en/news/10/05/0521.html  


ASTROMAN Magazine – 01.02.2010

Tesla Files S-1 Registration Statement for Initial Public Offering


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=656  


ASTROMAN Magazine – 14.06.2009

Amerykanie pojadą z prądem


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=526  



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