BMW and Japanese rival Toyota Motor are planning to cooperate on research into lithium-ion batteries

Reuters reported over the weekend that the BMW and Toyota were in talks for a partnership on ‘green’ vehicles, with BMW set to provide the Japanese firm with diesel engine in return for Toyota’s hybrid components. It’s now believed that the scope of this deal will expand to include electric vehicle technology, including lithium-ion battery research and development.

The two companies are expected to announce the cooperation at a joint press conference on Thursday in Tokyo, the source said. 

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