[10] Where Is The Battery In A Bmw Becomes This Year Gallery

BMW will supply Toyota with 1.6-liter and 2.0-liter engines for its models in Europe beginning in 2014, the automakers said in a statement.

The two companies will also jointly develop next-generation lithium ion batteries, used in products including laptop computers and electric cars.

“Toyota and BMW are perfect partners,” said Klaus Draeger, a member of the board of management at BMW. “By carrying out basic research together, we want to speed up development of battery-powered technology. Whoever has the best batteries in terms of cost and function will win more customers.”

The chief executive of Toyota Motor Europe, Didier Leroy, said that an alliance would let both sides bolster efficiency, improve economies of scale, reduce development costs and bring cars to market more quickly.

Executives from both sides said equity ties had not been discussed.

Toyota, though a leader in hybrid technology, has been less than enthusiastic about all-electric cars, pointing out problems with range and driving power. Toyota does not have an all-electric vehicle in its normal lineup.


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