2012 Toyota RAV4 EV likely to be produced in California

Article by Christian A., on November 12, 2010

Tesla Motors CEO Elon Musk said that its top market is the US while the market in Japan ranks second. Tesla’s segment in Asia is expected to account for a third of its global sales by 2015. Musk said that the initial batch of electric SUVs it agreed to provide Toyota Motor Corp. will probably be made at the California plant Tesla acquired from Toyota and General Motors Co. Musk unveiled its outlook on the same day as dedicating the company’s Tokyo store, its first showroom in Asia.

It emphasizes his optimism in overseas demand as Tesla starts on an international expansion campaign. Tesla already has outlets in London, Paris and Monaco. As an act to strengthen the alliance between Tesla and Toyota, Musk presented a metallic red Roadster 2.5 to Toyota President Akio Toyoda in Tokyo.

This car came with a vanity plate that has the Toyota chief’s name and the number 5-20. This stands for the date that Toyota invested $50 million in Tesla.

Previously, Toyota has said that it will pay $60 million more for Tesla to design an all-electric version of its RAV4 small SUV. [via autonews - sub. required]

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