Building DK Building SE Electronics DK Energy DK Food DK Food SE Metal Metal DK Metal NO Metal SE Retail DK Wood DK
 

Tesla and Toyota to develop electric powertrain system

- By Christin Nilsson

Tesla Motors signs agreement with Toyota Motor Corporation to develop an electric powertrain system for the electric version of the RAV4.

Tesla Motors, Inc. has entered into a Phase 1 Contract Services Agreement with Toyota Motor Corporation for the development of a validated powertrain system, including a battery, power electronics module, motor, gearbox and associated software, which will be integrated into an electric vehicle version of the RAV4.

TMC will pay Tesla approximately $60 million for the development services to be provided by Tesla.

Read more: Toyota may rethink Thai investment

Tesla and TMC previously entered into an agreement to initiate the development of an electric powertrain system for the RAV4 in July 2010 and TMC purchased $50.0 million of Tesla’s common stock in a private placement transaction that closed immediately subsequent to the closing of Tesla’s initial public offering in July 2010.


Write Comment
Popular Articles

Sign up for our newsletter
Already 11,399 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

Come and see the PALOMAT at Empack in Helsinki

November 19, 2014 9:47 AM
BILA A/S

The Empack fair takes place the 19. - 20. November in Helsinki, Finland. Meet our dealer Ergolift Oy at stand 6k19 and see the PALOMAT in action.

Come and see the PALOMAT at Emballage in Paris

November 17, 2014 8:22 AM
BILA A/S

The Emballage fair takes place the 17. - 20. November in Paris, France. Meet our dealers and see the PALOMAT in action.

Dew point - safe monitoring of your compressed air system.

November 18, 2014 12:00 AM
ultrafilter Skandinavien ApS

Today compressed air is used for almost all kinds of production or packing. In order to ensure the quality of the compressed air, it is desirable to o ...

November 12, 2014
November 11, 2014
November 10, 2014
November 5, 2014
November 4, 2014
October 30, 2014
October 28, 2014
October 27, 2014
October 22, 2014
October 21, 2014
October 17, 2014
October 16, 2014