Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  

Rumormill: Toyota, Tesla to jointly develop electric prototype by year's end

Recommended Posts

Rumormill: Toyota, Tesla to jointly develop electric prototype by year's end

by Autoblog Staff (RSS feed) on Jun 14th 2010 at 10:01AM

Just a few days back, we glanced over Tesla's amended IPO statement and discovered some well-buried words that suggested Tesla and Toyota may never work together on the development of an electric vehicles. The words from Tesla actually read, "We have not entered into any agreements with Toyota for any such arrangements, including any purchase orders, and we may never do so."

Tesla snuck that word "may" in there, leaving the possibility open that some sort of jointly-developed vehicle may come in the future. If a report surfacing from the Nikkei newspaper in Japan is accurate, Tesla and Toyota may have already struck a deal to develop an electric prototype by the end of the year.

The Nikkei doesn't provide much to go on, nor does it give many specifics. Without detailed info or confirmed sources, we'll have to call this one nothing more than a rumor, but we certainly hope that it pans out to be true. Here's what the

Nikkei reported:

Upon forming capital and business ties last month, Toyota and Tesla said that they will jointly develop electric vehicles and share expertise, such as Tesla's electric-vehicle technologies and Toyota's production know-how. As the first step, the two firms aim to develop a prototype based on a current Toyota model using Tesla's lithium-ion-battery-based system. Actively utilizing Tesla's technologies will likely enable Toyota to lower the cost of its future electric vehicles, a Toyota executive said.

Like we said, we can't confirm any of this yet and it may just be a well-placed rumor, but it piques our interest and we'll certainly keep a close eye on it.



Share this post

Link to post
Share on other sites

Why does Toy need dinky little Tesla for developing electric vehicles, since it is a behemoth and leader in the same?

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.