When Toyota announced their share purchase / NUMMI deal with Tesla, the greenies rejoiced, the skeptics said it’s just an elegant way to unload NUMMI. Toyota said they are mildly interested in Tesla, in a venture capital kind of way. As in: here is some money and a factory we no longer need. Would be great if something comes of it. Well, they will actually build a car together. Not the Model S as many thought. Let’s not get ahead of ourselves. Let’s build a prototype first.
Toyota told The Nikkei [sub] that they will build an EV prototype together with Tesla. The mule should be ready this year. And it won’t be anything fancy. The prototype will be based on a current Toyota model and use Tesla’s lithium-ion-battery-based system. If it works, the winner will be Toyota: By using Tesla’s technologies, Toyota could lower the cost of its future electric vehicles, a Toyota executive said to the Nikkei.