Tesla Motors says the electric RAV4 sport utility vehicle will get 300 miles to a charge and will bring in $60 million to the EV manufacturer.
The electric RAV4 — a Toyota vehicle that will use batteries, gearbox, motor and electronic control system from Tesla – is being built in a former Toyota plant in Fremont, CA. Tesla says it has already received 3,000 reservations of $5,000 apiece for the car, according to The Wall Street Journal.
If Tesla’s prediction of 300 miles of electric range is accurate, it would mean the RAV4 would get more than four times the range of Nissan’s electric Leaf.
Toyota has an ownership stake in Tesla since it invested $50 million in the company earlier this year. The EV manufacturer also received $465 million in low-cost loans from the U.S. Department of Energy in 2010.