BMW plans a partnership agreement with General Motors on new-technology development, the German business newspaper Wirtschaftswoche reported.
“We are speaking to GM about various future technologies but we are not saying anything more beyond that,” a spokesman for BMW said on Saturday.
Under the new partnership, the Bavarian manufacturer will gain access to GM’s fuel-cell technology, while the U.S. corporation can bring them money for further research and development.
According to Wirtschaftswoche, BMW confirmed that it was in discussions with GM and the partnership could be officially announced after the Detroit Motor Show in January.
Last month, Toyota and BMW agreed to a partnership to work on lithium battery technology at the cell level. Hence, Toyota borrow diesel engines from BMW and the latter will get access to its partner’s hybrid technologies.
By 2020, General Motors plans to have one million hydrogen-powered vehicles on the world’s roads.