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Japanese car maker Toyota has signed an agreement with Tesla to cooperate in developing electric vehicles, as well as providing engineering and production systems, reported the Asian company that in the framework of this agreement invest 50 million dollars (40.6 million euros at current exchange rates) in shares in the company of electric cars.

Through this agreement, both companies are planning to form a joint team of experts to combine efforts with the common goal of driving the electric car.

The Tesla S will be the first mass-market model, a very attractive model, 100% electric with a top speed of 190 km/h, accelerating from 0 to 100 km/h in 5.6 seconds. The autonomy of the base model reaches 257 km increasing to 483 km with additional battery packs. The Tesla S has a huge 17-inch LCD screen built into the dashboard’s center tunnel, which joins the 3G connection or satellite radio. Google applications dominate the infotainment system of the car, Google Maps and guidance service, Chrome as a web browser or Talk/Voice (Grand Central) for communications. All under the Android operating system sponsored by the Internet giant.

“I’ve noticed the great potential of the technology of Tesla and was impressed by the dedication to the production,” explained Toyota President Akio Toyoda, who added that through this partnership both companies will work together to develop electric vehicles.

For his part, the CEO of Tesla, Elon Musk, said that Toyota has in its genes innovation, quality and commitment to sustainable mobility as “an honor” to be part of this initiative.

“We intend to learn and benefit from Toyota’s legendary engineering, as well as their production system and manufacturing expertise,” said Musk, during the signing of this agreement between the two companies.

Moreover, the president of Toyota said that Tesla has reached an agreement to acquire part of the land owned by the joint venture between Toyota and General Motors (NUMMI), to start producing electric cars in the area. He noted that this collaboration Toyota expected to reinforce its technology-friendly environment and participate in the development of new emerging industries such as electric cars and smart grids.

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