BMW and Toyota are reportedly close to locking down a deal in which BMW will license future fuel cell technology from Toyota. According to Nikkei, as reported by Reuters, “BMW will use the technology to build a prototype vehicle by 2015, with plans for a market release around 2020.”
Reuters reports:
The two automakers have been expanding their r&d ties over the last year. In December 2011, they said they will work together on green car technologies, including the joint development of lithium-ion batteries. BMW would also supply diesel engines to Toyota in Europe as part of the tie-up, the companies said at the time.
Then last June, Toyota and BMW expanded the relationship by signing a memorandum to cooperate on developing fuel cells to power and designing components for a future sports car as the automakers expand on their joint work to produce next-generation car batteries.
