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
Sign up for our newsletter
Already 12 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

Super slimline coded safety switch

January 28, 2015 9:09 AM
Pilz Skandinavien K/S

The coded Safety switch PSENcode is now also available in a slimline design - ideal for assembly on gates, covers or flaps.

Project excellence – a key success factor for AP&T

January 26, 2015 11:26 AM
AP&T

With a new project organization, AP&T has strengthened its ability to deliver complete sheet metal forming solutions with a focus on reduced cost of ownership for the customer.

3 pieces of advice for your breathing air

January 28, 2015 12:00 AM
Ultrafilter Skandinavien ApS

A short article about our experience in breathing air and 3 good advices on how you might optimize your usage and possibly the production around your breathing air.

January 23, 2015
January 21, 2015
January 19, 2015
January 16, 2015
January 15, 2015
January 12, 2015
January 9, 2015
January 5, 2015
December 19, 2014
December 17, 2014
December 16, 2014