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Honda, GM to jointly produce fuel cells www.nhk.or.jp
Honda Motor and General Motors will jointly produce fuel cell power systems for next-generation eco-friendly vehicles.
The automakers made the announcement at a news conference in the US city of Detroit on Monday.
They have formed a joint venture to produce the systems, with plans to start mass production by 2020.
The move will deepen ties between the 2 companies, which have been cooperating on research into basic technology for fuel cells.
They will try to improve production efficiency, with the aim of lowering prices for fuel cell vehicles.
The companies said their investment of 85 million dollars in a GM plant in Michigan will create 100 jobs.
President and CEO Toshiaki Mikoshiba of American Honda Motor described why Honda has chosen to invest in the US rather than Japan, which is home to the company's current research base for fuel cells.
He said his company's policy is to manufacture where there is demand.
Mikoshiba also touched on claims by President Donald Trump that the US trade relationship with Japan is unfair.
He said he has no choice but to wait and see how things will pan out.
Published Date:2017-01-31
