Furthermore, BMW and TMC also today signed a binding agreement to commence collaborative research on lithium-air batteries, a post-lithium-battery solution. This agreement marks the second phase of collaborative research into next-generation lithium-ion battery cells that commenced in March 2012.
BMW and Toyota Strategic Alliance agendas
From the previous (MOU) memorandum of understanding of June 2012 and today’s strategic alliance between the two Auto giants, BMW and TMC will share their technologies and jointly develop a fundamental fuel-cell vehicle system, including not only a fuel cell stack and system, but also a hydrogen tank, motor and battery, aiming for completion in 2020.
Next, the companies agreed to 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. The two companies aim to combine each other’s technology and knowledge at a high level to maximise customer satisfaction. Both companies are to share the vision to further collaborate in the field of sports vehicle development.
Thirdly, the companies collaborates to come up with lightweight technologies for vehicle bodies using cutting-edge materials such as reinforced composites for the future BMW/TMC sports-vehicle.
Lastly, BMW and TMC are to begin joint research with a goal to develop a lithium-air battery with energy density greatly exceeding that of current lithium-ion batteries.