Palo Alto, California – Electric vehicle company Tesla Motors has purchased the former Toyota NUMMI factory in Fremont, California. Last week the two companies announced they would work jointly on electric vehicles and drive systems.

The NUMMI factory was last used in April 2010 to build the Toyota Corolla and Tacoma. Tesla said it is one of the largest, most advanced and cleanest automotive production plants in the world, and is capable of producing 500,000 vehicles per year.

Tesla is expected to build the Model S in the plant, the first pure electric premium sedan. Unveiled in March 2009, it has an anticipated base price of US$49,900, including a federal tax credit. With an optional extended-range battery pack, it will travel over 300 miles (482 km) on a charge.

“The Tesla factory effectively leverages an ideal combination of hardcore Silicon Valley engineering talent, traditional automotive engineering talent and the proven Toyota production system,” said Elon Musk, CEO of Tesla. “The new Tesla factory will give us plenty of room to grow.”

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