Daimler and Continental will share their new lithium-ion battery technology with BMW as part of Daimler and BMW's cooperation agreement on developing hybrid technology.
Daimler’s executive board member Thomas Weber confirmed the agreement. The companies appear to have come to a financial arrangement whereby BMW has contributed to the development costs in return for gaining access to the technology shortly after Daimler.
General Motors could also benefit from the technology because they have already engaged Continental as a development partner for lithium-ion batteries.
Read Article