Electric vehicles from Tesla and Toyota joint venture

Electric vehicles from Tesla and Toyota joint venture

Last week, Tesla Motors, Inc. (Tesla) and Toyota Motor Corporation (TMC) announced an intention to cooperate in the further development of electric vehicles, parts, and production system, but also in engineering support. Toyota Motor Corporation will purchase $50 million of Tesla’s common stock which will provide Toyota significant presence in the Tesla Motors.

blue tesla roadster

Toyota and Tesla Motors have agreed to work together after the decision of famous American Company (Tesla Motors) which produces mainly electric cars dedicated itself to the Toyota manufacturing approach called Monozukuri. Toyota proved as a behemoth with slow moves in the speedy world environment and the Tesla acquiring will promote better and quicker business decisions.

Both companies are happy about this buy out. Toyota is going to get a greater beached on the American soil and Tesla will have access to the huge Toyota business finance and technological resources. In this moment Tesla Inc. is the only company which is producing serial highway capable electric cars. The Tesla roadster is an electric car with a sporty spirit with which many owners of the internal combustible engine sports cars are afraid to compare. Tesla inc. intentions are to continue with a production of the electric cars which by time will have increased autonomy and decreased price and cost of ownership.

NUMMI plant

NUMMI plant

The part of the agreement between Tesla inc. and Toyota Motor Corporation is to move the production of the new Tesla electric automobiles at the New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, California which will provide jobs for 1000 out of 5000 workers which were previously working in the factory before it was closed on the April 1. Tesla has a plan to produce $50.000 Model S in NUMMI factory which can provide and create at least 2-3 times more jobs in the Tesla contractor’s plants.

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  1. Very cool news. This will help get toyota back on top and help Telsa further it’s legitimacy as a future top efficient vehicle producer. I can’t wait until Telsa’s are available in my area. I had heard that they were going to only be available in California initially, but with this new partnership, hopefully it will speed up the distribution of the Telsa line.

    Nice website. I’m looking forward to reading more.

  2. Two companies will first develop an electric version of Toyota RAV4. The electric RAV4 will see the light in 2012 with a Tesla electric powertrain.