An agreement between BMW and Toyota, will have the two automobile makers collaborating on environmentally sustainable technology in the auto industry. BMW will supply Toyota with 1.6 and 2.0 liter engines for their struggling European line, and both companies will work together to develop car battery technology for electric and hybrid vehicles. The alliance will increase efficiency, reduce costs, and allow vehicles to be brought to market more quickly. Because BMW and Toyota operate in different segments of the market, it is unlikely they will encountering competitive conflicts.
Posts Tagged ‘Lithium-ion battery’
Coda Automotive, a company based in Santa Monica, California plans to have a battery electric car on the market in the fall of 2010 in California only. It’s will be about the size of a Honda Civic and will cost about $45,000 minus a federal tax credit of $7,500. The lithium-ion battery will be manufactured in China, but Coda hopes to eventually build their batteries in Enfield, Connecticut. Coda plans to market their cars mostly on the internet.