When Toyota teamed with General Motors, they gave us the Vibe/Matrix twins. With Subaru, a trio of rear-driven sports cars with boxer power up front. So, what will Toyota deliver in its partnership with BMW? How about the ultimate hybrid supercar based off the bones of the Lexus LFA, for starters.

In an effort to join the ranks of Ferrari, Porsche, McLaren and even Mercedes-AMG in the eco-friendly supercar sweepstakes, Toyota will jointly develop a halo car with BMW that aims to take the ideas behind the LFA, swap its V10 for a hybrid powertrain, and package the deal for around $300,000.

For Toyota, that means teaching the Germans how to weave carbon fiber and offering its expertise in chassis craftsmanship, as well as its research in high-performance hybrid technology. On the other side, BMW offers mass production capabilities to make as many plastic and carbon fiber baskets as desired, as well as an array of engines that offer the same amount of power as the LFA’s V10, but with less cylinders, a smaller size, fewer emissions, and better mileage, such as the M5’s 4.4-liter 552-horsepower turbo V8.

No matter what happens, Toyota is wasting little time getting started (it took a decade to bring the LFA from the light table to the showroom); the word on the street is that a BMW i8 is residing in the automaker’s testing grounds near Mt. Fuji, undergoing stress tests in regards to its carbon fiber frame and emissions trials on the plug-in hybrid’s engine.