21 May 2010

Toyota invests in Tesla EV maker

Toyota has invested $50 million in the California electric carmaker Tesla and the two companies will cooperate on the development of electric cars and production systems.

Tesla is already selling an electric sports car, the Roadster, and has plans for a saloon. More than 1,000 units of the Roadster have been bought in the US, Europe and Asia.

Toyota has produced some 2.5 million hybrid petrol-electric cars since the first Prius was launched.