Daimler and BMW are hardcore rivals in the luxury vehicle segment of the automotive industry, so it is quite hard to imagine them working together. However, according to a report from Kelley Blue Book, the two German automakers have agreed to enter into a joint venture.

Recently, the two luxury car giants announced their plans to develop and implement a standardized wireless inductive charging system. This would be utilized by plug-in hybrids and pure electric-powered vehicles in the near future.

The new wireless inductive charging system of Daimler and BMW is comprised of a primary coil in a plate mounted on the garage floor, and a secondary coil at the bottom of the EV or hybrid. The driver simply has to position the car’s coil directly on top of the floor-mounted coil. He or she will be assisted by an in-car display during the positioning process.

Then, with a push of a button, the charging process is activated. The electrical transfer will be facilitated by the built-in Wi-Fi communications link within the coils.

The new charger is expected to juice up the battery of EV and plug-ins at a rate of 3.6 kW per hour. This is comparable to the Level 2 240-volt recharging with more than 90 percent energy efficiency. The source also claimed that the two luxury automakers are considering on boosting the energy transfer rate at 7 kW later.

Based on the report, the new wireless setup will be assessed through the upcoming Mercedes-Benz S500 Plug-in Hybrid, which will come out this fall, as well as the BMW i3 and i8 models.