BMW and Toyota to strengthen collaboration

Akio Toyoda, president of Toyota Motor Corporation (TMC), and Norbert Reithofer, chairman of the BMW, have announced the planned expansion of their existing cooperation initiated in December last year. The two companies signed a memorandum of understanding (MoU) aimed at a 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 de
July 3, 2012 Read time: 2 mins
Akio Toyoda, president of 1686 Toyota Motor Corporation (TMC), and Norbert Reithofer, chairman of 1731 BMW, have announced the planned expansion of their existing cooperation initiated in December last year. The two companies signed a memorandum of understanding (MoU) aimed at a 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.

Reithofer and Toyoda also signed a joint statement to reconfirm their companies’ shared intention to strengthen the long-term, strategic collaboration between them.

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. In addition, the BMW Group and Toyota Motor Europe entered into a contract in December last year, under which the BMW Group will supply highly efficient 1.6 litre and 2.0 litre diesel engines to Toyota Motor Europe starting in 2014.

This latest MoU represents the companies’ agreement in December last year to identify and discuss other possible collaborative projects.

Related Content

  • Bitsensing teams up with Ikio for India highway ITS pilot
    June 9, 2025
    Project follows signing of MoU at the 2025 Suwon ITS Asia-Pacific Forum
    Read More
  • Electric mobility partnership announced
    June 25, 2012
    Volvo Car Corporation and Siemens have announced that they intend to jointly advance the technical development of electric cars through extensive strategic cooperation. The focus is on the joint development of electrical drive technology, power electronics and charging technology as well as the integration of those systems into Volvo C30 electric vehicles.
    Read More
  • ITS America, automakers respond to Rubio-Booker 5.9 GHz spectrum legislation
    June 23, 2014
    The Intelligent Transportation Society of America (ITS America) and US automakers have responded to the announcement on legislation introduced by US Senators Marco Rubio and Cory Booker that would set deadlines on the Federal Communications Commission (FCC) for developing and publishing a test plan for the use of unlicensed devices in the 5.9 GHz band. The senators introduced S. 2505, the Wi-Fi Innovation Act, legislation to expand unlicensed spectrum use by requiring the Federal Communications Commissio
    Read More
  • Potential to charge an EV in minutes claim
    April 17, 2012
    The University of Illinois at Urbana-Champaign has entered into a licensing agreement with Xerion Advanced Battery Corp. under which Xerion has the exclusive right to bring the University’s StructurePore battery-charging technology to the market. The StructurePore technology was developed by Paul Braun, Ph. D., of the Department of Materials, Science & Engineering at the University of Illinois, who is presently also an officer and director of Xerion. He and his colleagues believe that the StructurePore tech
    Read More

Highlighted Content