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Tesla to partner with Toytoa to build the all electric RAV4 in Ontario

Saturday, August 6th, 2011

Toyota Motors is expected to start building electric models of its RAV4 sport utility vehicle in Woodstock, Ontario, in partnership with Tesla Motors, according to the Toronto Star on Thursday.

Palo Alto-based Tesla Motors Inc Latest from The Business Journals Tesla, Toyota to build electric Rav4 in Canada. (NASDAQ:TSLA) is known for manufacturing the all-electric Roadster sports car. The company reportedly “built the prototype electric RAV4 at its own facility in Menlo Park,” according Clean Break.

The Star reported: “The two governments are contributing about $141 million to Toyota for a series of upgrades at plants in Cambridge and Woodstock worth a total of $545 million under the name Project Green Light. Toyota will allocate some of the government money to drive the RAV4 venture but has not revealed the amount or overall cost of that specific electric program.”

Tesla CEO Elon Musk said in the company’s second quarter earnings call that there could be an “order of magnitude larger deal” with Toyota underway, without providing additional other details.

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