DETROIT and TOKYO, June 7,
2018 /PRNewswire/ -- General Motors Co. (NYSE: GM) and
Honda (NYSE: HMC) announced an agreement for new advanced chemistry
battery components, including the cell and module, to accelerate
both companies' plans for all-electric vehicles. The
next-generation battery will deliver higher energy density, smaller
packaging and faster charging capabilities for both companies'
future products, mainly for the North American market.
Under the agreement, the companies will collaborate based on
GM's next generation battery system with the intent for Honda to
source the battery modules from GM. The collaboration will support
each company's respective and distinct vehicles. The combined scale
and global manufacturing efficiencies will ultimately provide
greater value to customers.
"This new, multiyear 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 already have a proven relationship around
electrification, having formed the industry's first manufacturing
joint venture to produce an advanced hydrogen fuel cell system in
the 2020 timeframe. The integrated development teams are working to
deliver a more affordable commercial solution for fuel cell and
hydrogen storage systems.
"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.
General Motors Co. (NYSE: GM), its subsidiaries and
joint venture entities produce and sell vehicles under the
Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling
brands. GM has leadership positions in several of the world's most
significant automotive markets and is committed to lead the future
of personal mobility. More information on the company and its
subsidiaries, including OnStar, a global leader in vehicle safety,
security and information services, can be found at
http://www.gm.com.
Honda Motor Co. (NYSE: HMC), Honda designs, manufactures
and markets automobiles, motorcycles, power products and aviation
products worldwide. A global leader in powertrain and electromotive
technologies, Honda produces nearly 28 million engines annually for
its three product lines. Honda and its partners build products in
more than 60 manufacturing plants in 27 countries, employing more
than 208,000 associates globally.
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SOURCE General Motors