The German and British luxury carmakers will work together to develop, plan and purchase new electric car components for their range of vehicles.
The two automakers will collaborate on electric motor, transmissions and electronic control components. This will give Jaguar Land Rover and BMW improved scale, and help to save money.
Both companies will continue to produce electric powertrains at their own facilities, though.
Jaguar Land Rover already has a deal with BMW to supply it with next generation V8 engines.
“We’ve proven we can build world beating electric cars but now we need to scale the technology to support the next generation of Jaguar and Land Rover products,” Nick Rogers, head of engineering for Jaguar Land Rover, said.
“Together, we have the opportunity to cater more effectively for customer needs by shortening development time and bringing vehicles and state-of-the-art technologies more rapidly to market,” Klaus Froehlich, a BMW board member, stated.
