Focusing on fuel cells, Toyota won't renew deal for Tesla batteries

摘要

Toyota Motor Corp. representatives said yesterday that the company will focus on making cars that run on hydrogen fuel cells and will not renew its battery-supply deal with Tesla Motors Inc. Toyota acquired a 3 percent stake in the electric car company in 2010 when it invested $50 million. It also signed a $100 million joint-development deal that led to the development of Toyota's crossover sport utility vehicle RAV4, which used Tesla's electric powertrains.