Back in 2013, Honda and General Motors signed a long-term agreement to develop hydrogen fuel cell technologies together. The agreementÂ statedÂ that they wouldÂ co-develop technologies that each company would use for its own cars. TheÂ first fruits of this project have been used inÂ the Honda FCX Clarity which debuted at the 2015 Tokyo Motor Show and is expected to go on sale this year.
According to reports, Honda and General Motors are expected build a new plant and begin mass-production of fuel cells by the year 2025. The Japanese Government plans on bringing in measures to reduce the price of fuel cell vehicles to be able to compete with gas and electric vehicles in the market. The development of fuel cell technology is very expensive and requires huge amounts of investment from automakers. Both companies hope to reduce production costs. A senior Honda official was reported saying, âBy cutting costs with General Motors, we hope to increase our FCV production capacity to help achieve the governmentâs goal.â Honda also plans on launching a line of commercial models by 2025 using this fuel cell technology.
Honda and GM arenât the first manufacturers to pair up for developing fuel cell technology. Toyota is in an agreement with BMW, while Nissan has tied up with Ford and Daimler AG.