Toyota has just entered an agreement with BMW to partner up and accomplish four things;
1. Namely developing a sports car by the end of the year
2. Develop hydrogen fuel cell system by 2020
3. Generate lightweight materials
4. Create next-generation lithium-based battiers
These four areas of collaboration were outlined last year, and a memorandum of understanding was signed. Now the companies are in the next phase of enhancing their ties, according to GT Spirit.
“In order for FCVs (fuel cell vehicles) to become more widely used, it needs to be cheaper. That would require a great deal of time and cost for development and by bringing together the wisdom of two companies, we can aim to make FCVs more popular much quicker,” said Toyota Vice Chairman Takeshi Uchiyamada at a news conference with BMW in Japan.
We’ll keep you updated as we know more! This is Toyota’s second huge collaboration, the last being with Subaru in the making of the Subaru BRZ/Toyota GT-86/Scion FR-S, which was hugely successful. If you’re interested in the original collaboration, please view our Scion FR-S inventory here.
All information and image via GT Spirit