Tense Toyota-Tesla Relationship Leads To Partnership Ending
2014.08.12
Toyota and Tesla's deal has ended. Toyota is said to be distancing itself from Tesla and moving on to pushing fuel cells instead of becoming a playing in the electeric car market.
The partnership's main produce is the Toyota RAV4 EV. Toyota purchased a stake in Tesla for $50 million and sold the former NUMMI plant in Fremont, Calif. to Tesla for $42 million, where the Model S is now made and the Model X is expected to start being produced next year.
Tesla announced in May it would stop delivering battery packs for the RAV4 this year.
More Articles
Copyright © Fooyoh.com All rights reserved.