General Motors and Honda have announced plans to collaborate on the development of new battery components for their all-electric vehicles.
The battery will be designed to deliver higher energy density, smaller packaging and faster charging capabilities for both companies' future products.
General Motors executive vice president of global product development, purchasing and supply chain Mark Reuss said the move will enable both companies to move towards more profitable electric vehicle models.
“This new agreement with Honda further demonstrates our capability to innovate toward a profitable electric portfolio.
“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.”
The new agreement will see both companies collaborate based on GM's next generation battery system with the intent for Honda to source the battery modules from GM.