General Motors and Honda signed a new deal to share advanced battery components for electric vehicles. Under the terms of this agreement, Honda will source battery modules from GM. GM’s next-gen battery promises to deliver higher energy density, smaller packaging and faster charging capabilities for both companies’ future products, which will go on sale largely in the North American market.
“This new, multi-year agreement with Honda further demonstrates General Motors’ capability to innovate toward a profitable electric portfolio,” said Mark Reuss, General Motors' executive vice-president of global product development, purchasing and supply chain. “GM’s decades of electrification experience and strategic EV investments alongside Honda’s commitment to advancing mobility will result in better solutions for our customers and progress on our zero emissions-vision.”
GM and Honda have an existing joint venture to produce an advanced hydrogen fuel cell system by 2020. “In addition to our ongoing joint development and production of fuel cells, this battery component collaboration will enable us to take a new step toward the realization of a sustainable society,” said Takashi Sekiguchi, chief officer for Automobile Operations and managing officer of Honda.