Volkswagen and Toshiba have signed a letter of intent to co-develop an electric version of the Volkswagen Up!, a subcompact concept car. Their objective is to develop electric drive units and power electronics for Volkswagen's new line of small cars. They are also planning to work on developing better battery systems for the next generation of electric-powered cars. Volkswagen's efforts at green technology has won the Jetta TDI accolades as Green Car Journal's 2009 Green Car of the Year.
For more on this cooperative effort, link to http://www.enn.com/top_stories/article/39314
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