Earlier last month, German auto giants Daimler and BMW Group received regulatory approval to merge their various mobility divisions into a single joint venture. Following this, the automakers are now reportedly in talks over partnering to develop autonomous vehicles.

Local reports citing internal sources at Daimler and BMW suggest that the companies were working out extensive alliances including self-driving cars, electric mobility and potentially even platform sharing. This falls in line with earlier rumours suggesting the next-generation subcompact cars from both companies being based on a shared platform.

German news agency Handelsblatt reported that Daimler and BMW were planning to share costs for self-driving car development and also establish common standards for the industry.

German news agency Handelsblatt reported that Daimler and BMW were planning to share costs for self-driving car development and also establish common standards for the industry. They are also reported to start sharing patents in order to put up a fight against their rivals together.

Expensive technology for autonomous driving, as well as electric mobility, has led several companies to join hands for a collaborative partnership. Earlier this week, Ford announced a partnership with Volkswagen that was aimed at jointly manufacturing commercial vehicles.

Expensive technology for autonomous driving, as well as electric mobility, has led several companies to join hands for a collaborative partnership.

The American automaker and its German partner are also reported to be discussing self-driving as well as EV tech. In June last year, both the companies stated that they were considering a development and production alliance that would include light commercial vehicles to strengthen both the companies’ performance in their home turf as well as globally. Volkswagen is en route to build at least 10 million electric vehicles globally that will be based on the first generation of the MEB platform. It is set to do so with a Golf-size hatchback, internally called the I.D. Neo. However, this will soon be followed by the launch of the I.D. Crozz crossover in the U.S. and China.

Similarly, Japanese automaker Honda has also poised to invest billion in General Motors’ Cruise self-driving division. Meanwhile, a few automakers have also attempted to join hands with American startup Aurora Innovation to source self-driving technology.