GM is supplying next-gen batteries for Honda EVs

GM’s improvements intend to chop electrical battery prices in half — which is big, given their typical pricetag between $10,000 and $12,000, sources instructed Reuters earlier within the 12 months. The deal will assist Honda velocity up EV manufacturing after 2020. It’s not the automaker’s first collaboration with GM: In early 2017, the pair went in together on a Michigan manufacturing unit devoted to producing hydrogen gas cells to energy their automobiles. But given the auto trade’s more and more expansive investments in electrical automobiles — GM included — this can be a savvy transfer to get extra EVs on the street.

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