Mexican Media Brands
Tesla to End Battery Supply Deal with Toyota
Tesla Motors Inc. says its arrangement to supply batteries and drive motors for Toyota Motor Corp.'s electric RAV4 crossover will expire this year.
#hybrid
Share
Tesla Motors Inc. says its arrangement to supply batteries and drive motors for Toyota Motor Corp.'s electric RAV4 crossover will expire this year. Toyota owns 2.4% of Tesla.
The original agreement began two years ago was intended to supply enough powertrains for 2,600 RAV4 EVs over three years. Tesla said at the time the deal would be worth about $100 million.
In a regulatory filing, the California-based maker of the Model S electric sedan says Toyota plans to phase out the electric RAV4 model this year. Toyota tells Bloomberg News it has made no such announcement and declines to comment on its relationship with Tesla.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
