BMW and Toyota collaborate

BMW Group and Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid to long term collaboration on next-generation environmentally friendly technologies. Under the partnership, the two companies have agreed to collaborate on development of lithium-ion battery technologies and to identify and discuss other possible collaborative projects. In addition, Toyota Motor Europe (TME), TMC’s European subsidiary, and BMW have entered into a contract under which BMW will supply
June 25, 2012 Read time: 1 min
1731 BMW Group and 1686 Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid to long term collaboration on next-generation environmentally friendly technologies. Under the partnership, the two companies have agreed to collaborate on development of lithium-ion battery technologies and to identify and discuss other possible collaborative projects.

In addition, Toyota Motor Europe (TME), TMC’s European subsidiary, and BMW have entered into a contract under which BMW will supply 1.6 litre and 2.0 litre diesel engines to TME starting in 2014. The engines will be installed in certain Toyota produced vehicles planned for sale in the European market. Through this agreement, Toyota plans to expand its European line up and sales of fuel-efficient, low emission diesel-powered vehicles.

For more information on companies in this article

Related Content

  • Lidar: recipes for success
    March 28, 2022
    Lidar is being deployed all over the world - and you can even read a cookbook on the subject...
    Read More
  • Autotalks extends funding round with additional investors
    June 27, 2017
    Israeli Vehicle to Everything (V2X) communication chipsets supplier Autotalks has extended its recent funding round as a result of increased investment from the Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation and is managed by SPARX Group.
    Read More
  • The steep drop in fuel prices and its effect on transportation in India, US and UK
    February 17, 2016
    Industry insight from Steer Davies Gleave notes that increases in oil production and lower projected global demand growth for crude oil have contributed to declines in fuel prices, beginning in June 2014 and falling 70 per cent to the lowest point in January 2016. However, the impact of changing fuel prices is not uniform across transportation modes. For instance, in India, retail fuel prices have declined by only 20-25 per cent as a result of the central government increasing the excise duties to shore
    Read More
  • Launch of UK wind hydrogen refuelling station
    September 22, 2015
    Energy storage and clean fuel company ITM Power has launched its first public access hydrogen refuelling station at the Advanced Manufacturing Park, just off the M1, Junction 33 in South Yorkshire, funded by InnovateUK. The site, which as a public access refuelling station is the first of its kind in the UK, consists of a 225kW wind turbine coupled directly to an electrolyser, 220kg of hydrogen storage, a hydrogen dispensing unit and a 30kW fuel cell system capable of providing backup power generation fo
    Read More

Highlighted Content