Toyota to pay Tesla $60M for electric RAV4 tech
Thursday, October 14th, 2010
Tesla Motors this week disclosed an agreement with Toyota to develop an electric powertrain system for the electric version of the RAV4. Toyota will pay Tesla approximately $60 million for the contracted development services.
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“Although electric cars aren’t exactly new, the first ones having been built in the late 1800s, they’ve taken a while to catch on,” suggests Rosana Francescato in an article at TheEnergyCollective.