Toyota RAV4 Limited
Carmakers are under pressure from regulators to develop models that "Toyota and Tesla engineering teams have made a lot of progress in a short" time, JB Straubel, Tesla's chief technology officer, said Saturday by e-mail. The target for a model developed with Tesla would be for a car that costs about $40,000 with 150 miles of driving range per charge, the person familiar with the plans said. Toyota bought its stake in Tesla on July 2, he said.
Keisuke Kirimoto, a Tokyo-based spokesman for Toyota, said he couldn't confirm the models. He declined to discuss project details. "We anticipate range and acceleration exceeding that of other announced electric vehicles of this class," Elon Musk, CEO of Tesla, said Monday in an e-mail. Toyota, the world's largest seller of hybrid autos, bought a $50-million stake in Palo Alto, Calif.-based Tesla this month. Toyota's President Akio Toyoda said last week the partnership with Tesla is the first of several the company wants to pursue in advanced auto technologies.
While Toyota also aims to test an electric Corolla compact car, the RAV4 and RX light trucks are better suited to the weight of Tesla's battery pack, said the person, who asked not to be identified because the vehicles haven't been announced yet. Tesla said Saturday that it will deliver two prototypes vehicles to Toyota this month without identifying the models. Toyota and Tesla will develop battery-powered test versions of the Japanese carmaker's RAV4 and Lexus RX in the first stage of a partnership in electric vehicles, a person familiar with the matter said.
Keisuke Kirimoto, a Tokyo-based spokesman for Toyota, said he couldn't confirm the models. He declined to discuss project details. "We anticipate range and acceleration exceeding that of other announced electric vehicles of this class," Elon Musk, CEO of Tesla, said Monday in an e-mail. Toyota, the world's largest seller of hybrid autos, bought a $50-million stake in Palo Alto, Calif.-based Tesla this month. Toyota's President Akio Toyoda said last week the partnership with Tesla is the first of several the company wants to pursue in advanced auto technologies.
While Toyota also aims to test an electric Corolla compact car, the RAV4 and RX light trucks are better suited to the weight of Tesla's battery pack, said the person, who asked not to be identified because the vehicles haven't been announced yet. Tesla said Saturday that it will deliver two prototypes vehicles to Toyota this month without identifying the models. Toyota and Tesla will develop battery-powered test versions of the Japanese carmaker's RAV4 and Lexus RX in the first stage of a partnership in electric vehicles, a person familiar with the matter said.
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