BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric m...
FRANKFURT - BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
Both carmakers are under pressure to roll out zero-emission vehicles to meet stringent anti-pollution rules, but have struggled to maintain profit margins faced with the rising costs of making electric, connected and autonomous cars. BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components. Both companies will produce electric drivetrains in their own manufacturing facilities, BMW said.
BMW was in talks with Daimler about making electric car components but was separately also in discussions with Jaguar Land Rover, a company it once owned, about an alliance on transmissions.
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