BMW and Toyota agree to further strengthen collaboration

The two companies signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four fields: joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies.

Toyoda said: I am excited to think of the cars that will result from this relationship.

In March 2012, the BMW Group and TMC signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells.

For more read Hybrid And Pure Electric Cars 2012-2022.