Toyota Motor Corp. has announced plans for manufacturing an electric version of its popular RAV4 model at the Woodstock, Ontario plant, starting in 2012.
The Japanese auto maker has joined forces with Tesla Motors Inc., which will supply the powertrains built at Palo Alto, California, for the new SUV.
“The Tesla-Toyota joint development team has agreed that building the vehicle at the Woodstock plant on the same line as the gasoline powered RAV4 will streamline and simplify the production process and guarantee the highest level of quality control”, said the chairman of Toyota Canada, Ray Tanguay.
The manufacturer of premium electric cars, Tesla, will receive 50 million dollars from Toyota, as an investment, along with 100 million dollars for supplying the new electric SUV with battery, motor, gear box and power electronics.
Besides the all-new “eco-friendly” RAV4 SUV, Toyota will also expand its Prius hybrid range with a Scion iQ electric version, which will be launched sometime next year.