A tesla toyota partnership probably isn't the partnership that you thought that you'd see because well the two companies are kind of competitors but the truth is that the partnership is happening and there are some new updates so let's take a look
Automobile powerhouses join forces :
i know that this partnership may be a bit shocking but if we take a moment to think about it we'll realize how much it makes sense if these two automobile powerhouses join forces they'll pretty much become the number one vehicle alliance in the world so what's up with the partnership and what are the new updates according to leaked information from a newspaper company toyota and tesla will pair up to develop an electric vehicle the developing partnership between tesla and toyota was leaked by one of south korea's top three daily newspaper companies the chosun irbo the newspaper company reported that toyota and tesla have been in talks since 2020 and are about to enter the final phase of their partnership deal to know what tesla and toyota are up to and what are the roles of each of the automakers in the deal let's take a look at some of the highlights of the partnership the partnership is said to be centered on a plan that would see toyota bring its engineering experts to the table together with tesla's expertise in software and control systems for electric powertrains when it comes to the building of quality hardware.
Manufacturing platforms:
Manufacturing platforms toyota could offer a better and efficient service that could curb the total cost on the other hand tesla is a master in electric vehicle technology and a specialist in autonomous driving technology this means that toyota would provide the vehicle platform to tesla and tesla would provide some of the electronic control platform and software technology installed in its vehicle to toyota according to the report the goal of the partnership would be to launch a compact suv electric vehicle at a low cost if you're surprised to find these two companies linked together it might interest you to know that this actually isn't the first time there's been talk of such a partnership between tesla and toyota tesla's fremont factory is an automobile manufacturing plant in fremont california operated by tesla but the facility opened as the general motors fremont assembly in 1962 and was later operated by nume a former general motors toyota joint venture tesla took ownership in 2010 almost 11 years ago
tesla and toyota announced a partnership.
To work together on electric vehicle development following the news the japanese giant then launched an electric rav4 in 2012 that used a powertrain supplied by tesla also while tesla supplied the batteries for the limited production of the all-electric toyota rav4 engineers quickly clashed over battery designs and other issues so due to various reasons which include poor sales and battery problems the alliance between toyota and tesla ended in 2017. toyota was also an early shareholder of tesla but things didn't turn out as planned around mid-2017 toyota announced that it has sold all tesla shares and stopped cooperation less than a year ago tesla surpassed toyota as the world's most valuable automaker despite the automotive company's separation the close relationship between musk and toyota ceo akio toyota has remained which leaves room for a reunion between the two companies in the future the partnership deal although it's not confirmed rumor has it that tesla intends to use the platform of an electric vehicle costing just 25 000 which is around 13 000 less than an average tesla electric vehicle or half the cost of a model y to add credibility.
Rumors elon musk:
To the rumors elon musk said something similar on battery day that tesla will release a 25 000 compact and affordable electric car in 2023 at the time the automaker also released an early design drawing of a small electric hatchback which led many to think that it was the design direction and form factor that tesla is going for in the upcoming electric vehicle according to tesla this low price point will be achieved through tesla's new battery cell and battery manufacturing effort which could reduce battery cost by over 50 percent however among experts there were several opinions that it would be difficult for tesla to find a way to sell electric cars at such a low price especially considering tesla has already developed the model 3 in 2017 the model electric crossover in 2020 the exoskeleton of the cyber truck and working on the semi truck however whether the partnership between tesla and toyota is based on the 25 000 model or not the partnership deal is a smart move for both companies with that let's look into what's in it for them
2000s toyota:
back in the early 2000s toyota made quite an impact with its toyota prius hybrid however at present the automaker is lagging in the electric vehicle industry the automaker has largely dragged its feet when it comes to battery electric vehicles with the company preferring to focus on hybrids and hydrogen electric vehicles however the market has headed in the direction of battery electric vehicles and toyota is now responding the company is committed to launching at least 15 battery electric vehicles within the first half of the decade which includes its luxury brand lexus so a helping hand from tesla might help the automaker cope with the demanding electric vehicle industry in addition toyota has a good presence in japan and all over africa this partnership will surely help tesla.
footprint in japan:
To expand its footprint in japan and easily start operations in africa tesla sales in japan which are around 1 000 units per year are also likely to increase significantly toyota can also significantly reduce the resources and time spent on the innovation of its vehicle's integrated electric control platform and operating systems by using tesla's technology toyota is evaluating that the integrated electric control platform and operating system technology that can control and improve vehicle functions through wireless updates is lagging behind tesla on the other hand through operations between the two companies tesla can reduce the cost and period of developing small electric suvs and toyota's benefit is the gate and electric control platform and operating system development the partnership aims for a win-win effect by reducing the time it takes for the two companies to compensate for each other's weakness allowing them to focus more on their own strengths last year toyota sold 9.35 million vehicles surpassing volkswagen this returned toyota to the world's top sales in five years tweeted along with isuzu and its truck subsidiary hino plans to accelerate the electric and autonomous driving of commercial vehicles before this toyota also established a hydrogen fuel cell development joint venture with five chinese automobile and technology companies this included xinhua university beijing and guangzhou motors the jointly
Developed hydrogen fuel cell system:
Developed hydrogen fuel cell system will be installed on chinese trucks and buses from 2022 in addition toyota is striving to maximize economics of scale related to electrification and autonomous driving including successful capital alliances with rivals mazda and suzuki meanwhile tesla ceo elon musk wrote on twitter recently that the likelihood that tesla will soon become the largest company in the world is higher than zero percent although the context is not clear it was also written probably within a few months an expression that can be interpreted as referring to a period although the tweet was soon deleted currently tesla's market capitalization is about 590 billion dollars which is one-third of the world's largest market capitalization company apple tesla's share price continued to rise even after surpassing toyota which was the first in the industry's market capitalization at the time around july of last year but tesla in particular has a task to achieve economic of scale and if the alliance with toyota is established it can receive great power to expand mass production faster and at a lower cost aside from tesla's partnership with toyota the company's ceo elon musk is also talking about licensing tesla's full self-driving software to other automakers musk revealed this at a tesla shareholder meeting saying i think tesla's open to licensing autonomy because i think autonomy will be such a significant lifesaver and preventor of injuries that it's not a technology we want to keep to ourselves so i think it'll be morally right to license it to other manufacturers if they would like to use it to achieve electric mobility.
Collaboration among automakers:
Collaboration among automakers is one way of doing it if this partnership brings out an affordable car for the masses and it will be a win-win situation for all so what did you think about tesla's partnership with toyota do you think the 25 000 electric car will happen soon from the partnership let me hear your views via the comment section
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