The German carmaker BMW and the Japanese from Toyota have teamed up to create a new fuel-cell system, a sports car architecture and new lightweight material technology. This new agreement is an extension of the memorandum of understanding signed by the two carmakers in June 2012. 

According to the new contract, the two firms will develop a new lithium-air battery, the succesor of the current lithium-ion cells. "They are convinced that fuel cell technology is one of the solutions necessary to achieve zero emissions." said the carmakers. The firms also claim that the new cell will have an "energy density greatly exceeding that of current lithium-ion batteries."

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If the things go well, in few years we will see a new mid-size sports car platform that should be done by the end of this year. The new sports car may feature advances technologies from both firms. 

Source: Auto Express