- honda motor co ltd HMC plans start a fuel cell electric vehicle (FCEV) model that will be equipped with the next-generation fuel cell system in 2024, jointly developed with General Motor Company GM.
- the The next-generation fuel cell system, which leverages the knowledge, expertise and economies of scale of both companies, will reduce the cost to one-third compared to the cost of the fuel cell system in the 2019 Honda Clarity Fuel Cell.
- Honda has started fundamental research into future fuel cell technologies to cut costs in half and double durability compared to the fuel cell system jointly developed with GM.
- Also read: Honda is making operational changes to drive electrification business
- Honda has identified four key areas for the use of its fuel cell system: fuel cell electric vehicles (FCEV), commercial vehicles, stationary power plants and construction machinery, and will actively engage in collaboration with other companies.
- Since 2013, Honda has been working with GM to jointly develop the next-generation fuel cell system.
- In the mid-2020s, Honda will begin external sales of its fuel cell system at the rate of 2,000 units per year, with plans to gradually expand sales.
- Honda will increase sales to 60,000 units in 2030 and to a few hundred thousand units per year by the second half of the 2030s.
- The move is part of the automaker’s effort to achieve carbon neutrality for all products and corporate activities in which Honda has a stake by 2050.
- also read: Honda partners with GS Yuasa for lithium-ion batteries
- price action: HMC shares trade up 1.22% at $25.00 premarket on last check Thursday.
© 2023 Benzinga.de. Benzinga does not provide investment advice. All rights reserved.
[ad_2]
Source story
