Reuters reports that the two companies will look to advance solid-state battery technology to the point where it is suitable for use in high-performance electric vehicles.
Many pundits believe that solid-state batteries could start to replace lithium-ion battery cells early next decade. Benefits offered by solid-state batteries include lower costs, greater range, and significantly quicker charging times.
As the name suggests, solid-state batteries feature a solid, conductive material, rather than a liquid or gel-form electrolyte as found in current lithium-ion batteries.
In February, it emerged that BMW had commenced work on solid-state batteries with the intention of using them in production vehicles by 2026.
Numerous other car manufacturers, including Toyota and Porsche, are also investigating or working on solid-state batteries.