Analysis
BMW and Toyota agree to further strengthen collaboration
Akio Toyoda, President of Toyota Motor Corporation (TMC), met with Norbert Reithofer, Chairman of BMW at BMW Group headquarters in Munich to announce the planned expansion of their existing cooperation initiated in December last year.
The Toyoda said: I am excited to think of the cars that will result from this relationship.
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.
For more read Hybrid And Pure Electric Cars 2012-2022.
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