Posted on: January 25, 2013
Toyota Motor Corp and BMW AG will jointly research a lithium-air battery expected to be more powerful than the lithium-ion batteries used in many hybrid and electric vehicles, according to the two firms. The companies signed binding agreements to collaborate on several projects meant to usher in future vehicle technology.
“[Toyota] and the BMW Group share the same strategic vision of future sustainable mobility,” said Norbert Reithofer, chairman of the board at BMW. “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.”
The Japanese and German automakers aim to complete a fuel-cell vehicle system by 2020, and a concept for a mid-size sports vehicle by the end of this year. They will also work together on developing lightweight technologies such as composites, which will help make cars greener.Read More About Event →