BMW, TMC to develop next-generation lithium-ion batteries for electric cars
German luxury carmaker BMW and Toyota Motor (TMC) have signed a memorandum of understanding (MOU) to jointly develop next-generation environment-friendly lithium-ion batteries for electric cars.
Under the deal, the German luxury carmaker will also supply 1.6 liter and 2.0 liter diesel engines to TMC's European subsidiary Toyota Motor Europe (TME), starting in 2014.
The company said that the engines will be installed in several Toyota-built vehicles planned for sale in Europe, allowing TMC to expand its European lineup and sales of fuel-efficient, low CO2-emission diesel-powered vehicles.
BMW chairman of the board of management Norbert Reithofer said Toyota is the leading provider of environment-friendly series technology in the volume segment and the BMW Group is the most innovative and sustainable manufacturer of premium automobiles.
"We are now joining forces to further develop environment-friendly technologies and to expand our innovation leadership in each of our segments," Reithofer said.
"Supplying Toyota with our fuel efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities for engines and powertrain systems."
TMC president Akio Toyoda said in the spirit of contributing to furthering the development of the auto industry and society, both companies will bring their wide-ranging knowledge - starting with that concerning environmental technologies - to the table and make ever-better cars.
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