bmw reithofer toyoda.automotiveIT

Toyota's Toyoda (left) and BMW's Reithofer agreed in 2012 already to intensify cooperation (Photo: BMW)

Germany's BMW and Japan's Toyota have signed binding agreements that underscore the long-term nature of their cooperation in the field of sustainable mobility.

The two car groups already agreed in June 2012 that they would jointly develop a fuel cell system and an architecture for a sports vehicle. They will also cooperate on lithium-air batteries and in finding a viable solution for future battery systems.

"TMC and the BMW Group share the same strategic vision of future sustainable mobility," said BMW CEO Norbert Reithofer. And Toyota CEO Akio Toyoda added in a statement that the two companies' joint efforts are "entering a phase that promises to bear fruit."