Toyota announced that it will unveil the new RAV4 EV next week, at the 2010 Los Angeles Auto Show, on November 17. As you may know already, this new electric model is jointly developed with Tesla, the well-known American electric car manufacturer.
As you may know already, back in October, Toyota announced that it will pay Tesla approximately $60 million for the development services.
Tesla said that it will develop a validated powertrain system, including a battery, power electronics module, motor, gearbox and associated software, which will be integrated into an electric vehicle version of the RAV4.
Back in July, Tesla and Toyota announced that they signed an agreement in order to initiate the development of an electric version of the RAV4, that will be introduced in the United States in 2012.
According to Tesla, its goal is to produce increasingly affordable electric cars for mainstream buyers, and drive down the cost of electric vehicles.
Tesla currently designs and builds electric vehicles and electric vehicle powertrain components, and it is currently the only manufacturer found in the United States, that builds and sells highway-capable EVs in serial production.