Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start making a new hydrogen gas cell system jointly designed with Normal Motors Co (GM.N) this 12 months and steadily phase up revenue this 10 years, in a bid to extend its hydrogen small business.

Honda will goal yearly product sales of all-around 2,000 units of the new procedure in the middle of this decade, the enterprise mentioned on Thursday, aiming to improve that to 60,000 units for every calendar year in 2030.

The Japanese carmaker is searching for to extend the use of its new process not only for its own gasoline mobile electric automobiles (FCEVs), but also business autos such as significant trucks, as stationary energy stations and in building machinery.

Honda will commence creation of the hydrogen gas mobile method by way of its joint venture with GM this calendar year, Honda senior running govt director Shinji Aoyama told reporters all through a company occasion in Tokyo.

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With the “upcoming-generation” method, the organization aims to extra than double sturdiness compared with its older gas mobile method and to bring expenditures down by two-thirds.

“While industrial cars are in use all in excess of the earth, they will very likely see electrification just as with passenger automobiles,” reported Tetsuya Hasebe, typical manager of Honda’s hydrogen small business growth division.

That would possible lead to a divergence in vans working with batteries and individuals functioning on gasoline cells, he additional.

Reporting by Daniel Leussink Editing by Chang-Ran Kim and Jamie Freed

Our Requirements: The Thomson Reuters Trust Ideas.

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