http://www.greenbaypressgazette.com/usatoday/article/8961905
Tesla to stop supplying batteries for Toyota
May 11, 2014  by Chris Woodyard

[image  
http://www.gannett-cdn.com/-mm-/77c2a58ed3cf4c46c9e3372b3e2491ff50275529/c=174-0-2832-1992&r=490x368/local/-/media/USATODAY/USATODAY/2014/05/11//1399786977000-ToyotaRAV4EV-12.JPG
Toyota Motor offers the RAV4 EV. / Toyota
]

With its own crossover in the works, electric-vehicle maker Tesla Motors
says it is going to stop supplying battery packs and motors for Toyota,
which uses them in the electric RAV4.

"Toyota is expected to end the current RAV4 EV model this year," Tesla said
in a quarterly financial disclosure filed Friday with the Securities and
Exchange Commission. It says the deal was worth $15.1 million.

Toyota doesn't break out the sale of the electric version of its RAV4, but
it's fair to say it's a small-volume vehicle. Yet, it has roughly the same
powerplant as the Tesla Model S for up to half the cost. The electric RAV4
retails for about $50,000.

Tesla's filing said the company recognized $15.1 million in automotive sales
revenue under the deal during the three months ended March 31. That compared
with $14.4 million for the same period last year.

Meanwhile, Tesla is working on its own crossover. The Model X, as it is
known, has been delayed, but when it hits the market it should be fairly
startling, with upward-opening gullwing doors for back-seat passengers. It
is likely, however, to cost a lot more more than the electric RAV4.
[© 2014 USATODAY.com]



http://cleantechnica.com/2014/05/16/teslas-battery-contract-toyota-rav4-ev-will-end-renewal/
Toyota RAV4 EV Battery Contract With Tesla Won't Be Renewed
May 16, 2014




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