Tesla and Toyota Intend to Work Jointly on EV Development, TMC to Take Equity Stake in Tesla; Tesla Purchases NUMMI Factory
Green Car Congress
MAY 20, 2010
Tesla Motors, Inc. and Toyota Motor Corporation (TMC) intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. Tesla also has purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan ( earlier post ) and future Tesla vehicles.
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