GM, Honda start commercial production at hydrogen fuel cell joint venture

GM (GM) and Honda (HMC) announced the start of production at their 50-50 joint venture production facility, FCSM, which they call “the first large-scale manufacturing joint venture to build fuel cells.” The companies stated: “Together, the two companies also focused on lowering development and manufacturing costs by leveraging economies of scale, advancing the cell design, simplifying supporting auxiliary equipment, utilizing common sourcing, and reducing the use of costly precious metals. Through this collaboration, the new fuel cell systems will be one-third less expensive to make when compared to the cost of the fuel cell system in the 2019 Honda Clarity Fuel Cell… GM and Honda share in the belief that hydrogen and fuel cell technology will play an increasingly important role in meeting a wide variety of zero-emissions energy and mobility needs, and each company has provided further details about their individual hydrogen business strategies.”