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GM, Honda to build fuel cell factory; China’s EV market headed for boom times, says Renault

JAPAN’S leading newspaper Asahi Shimbun has reported that Honda and GM will set up a factory for the joint manufacture of automotive fuel cells, with production beginning by 2025 at the latest.

In 2013, the two companies announced a long-term, definitive master agreement to co-develop next-generation fuel cell system and hydrogen storage technologies, aiming for the 2020 time frame. )

The report cited a senior Honda official as saying that by cutting costs with General Motors, Honda hopes to increase its FCV production capacity to help achieve the Japan government’s goal of having fuel cell vehicles cost-competitive with gasoline by 2025.

Toyota Motor is working with BMW to develop key components for FCVs, while Nissan Motor Co. is collaborating with Ford Motor Co. and Daimler AG on fuel cells.

Meanwhile the Renault-Nissan Alliance posted a brief video noting that China is poised to become the top electric vehicle market in the world by 2020.

In 2014, China registered 75,000 EV sales, giving it a global market share of 25 percent. In the first quarter of 2015, it registered nearly double that number.

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