Silicon Valley electric carmaker Tesla Motors and Toyota Motor Corp. announced that the
two companies will develop an electric version of Toyota’s popular RAV4 SUV.
According to an agreement, Tesla will produce and deliver a fleet of prototypes to Toyota for evaluation within this year. The first prototype has already been built and is now undergoing testing.
The project with Tesla is separate from a previously announced electric car Toyota plans to sell by 2012, Toyoda said.