There is a very interesting development to from Honda and the General Motors to make electric car batteries even cheaper and more powerful. At least Honda is getting more serious about EVs, not just fulfilling compliance requirements. GM may move beyond The Volt and Bolt.
"General Motors Co. (NYSE: GM) and Honda (NYSE: HMC) announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companiesí plans for all-electric vehicles. The next-generation battery will deliver higher energy density, smaller packaging and faster charging capabilities for both companiesí future products, mainly for the North American market," reads the press release
According to the agreement Honda will source the batteries from GM for North American vehicles. This joint venture will provide a greater value for the customer. It can potentially bring down the EV price equaling the average EV price to an average ICE car price.
Interesting Announcement from Honda and GM to Make EV Batteries Even Cheaper, More Powerful