BMW Group and Toyota finalize agreement on joint sports car and future tech image

BMW Group and Toyota Motor Corporation(TMC) are pursuing their successful strategic long-term cooperation in the field of sustainable mobility by signing binding agreements.

It can be remembered that BMW Group and TMC first agreed to form a medium-to-long-term collaborative relationship for developing next-generation eco-friendly vehicles and technologies in December 2011 after which, the both has continued their joint efforts to realize sustainable mobility for the future.

"TMC and the BMW Group share the same strategic vision of future sustainable mobility. In light of the technological changes ahead, the entire automotive industry faces tremendous challenges, which we also regard as an opportunity. This collaboration is an important building block in keeping both companies on a successful course in the future," said Norbert Reithofer, Chairman of the Board of Management of BMW AG

The main points of the agreement is aimed on the joint development and collaborative research on these components and projects:

Fuel cell system: To achieve zero emissions, BMW group and TMC are to share their technologies and to jointly develop a fundamental fuel-cell vehicle system that comprises of a hydrogen tank, motor, and battery aside from the usual fuel cell stack and system. Completion is expected in 2020. Assessment of hydrogen infrastructure development and creating codes and standards that will help popularize fuel cell vehicles are also included in the agreement.

Post-lithium battery technology: Joint research to develop a lithium-air battery with a greater energy density compared to the current lithium-ion batteries.

Sports vehicle: Set-up a feasibility study to define a joint platform concept for a mid-size sports vehicle that is to be completed by the end of 2013

Lightweight technology: Joint development of lightweight technologies for vehicle bodies by using materials such as reinforced composites for utilization on the previously mentioned sports car platform as well as other BMW and TMC vehicles.

"It is just over a year since we signed our collaborative MoU, and with each day as our relationship strengthens, we feel acutely that we are making steadfast progress. Now, we are entering the phase that promises the fruit. While placing importance on what we learn from the joint development, we will work hard together in reaching our common goal of making ever-better," said Akio Toyoda, President of TMC.