Honda and GM Collaboration to Drive Expansion in Hydrogen Business
Key Ideas
- Honda Motor and General Motors are launching a new hydrogen fuel cell system for production this year to boost sales over the decade.
- The target is to sell 2,000 units annually by the mid-2020s, with a goal to reach 60,000 units per year by 2030.
- Honda plans to extend the use of the system to fuel cell electric vehicles, heavy trucks, stationary power stations, and construction machinery.
- The production of the hydrogen fuel cell system will commence in collaboration with GM, as announced by Honda's CEO at an event in Tokyo.
Honda Motor from Japan has revealed its plan to begin production of a new hydrogen fuel cell system developed in partnership with General Motors. The joint venture aims to start sales this year and steadily increase them throughout the decade. Honda targets selling around 2,000 units annually by the middle of the 2020s and scaling up to 60,000 units per year by 2030. The company envisions expanding the usage of the system beyond its fuel cell electric vehicles (FCEVs) to applications like heavy trucks, stationary power stations, and construction equipment. Honda's Chief Executive, Shinji Aoyama, made this announcement during a company event held in Tokyo, highlighting the strategic collaboration with GM for the production of the hydrogen fuel cell system. This move signifies a significant step towards enhancing Honda's presence in the hydrogen market and promoting sustainable transportation solutions.
Topics
Power
Production
Electric Vehicles
Automotive
Commercial Vehicles
Collaboration
Fuel Cell
Expansion
Joint Venture
Latest News