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General Motors CEO Mary Barra speaks at the annual meeting of shareholders at GM world headquarters in Detroit on June 12, 2018. Photo: Bill Pugliano via Getty Images

GM and Honda recently announced a deal to co-develop next-generation battery systems for future electric vehicles (EVs) in North America. Named the EME 1.0, the battery system relies on GM internal designs and is said to have a smaller footprint than current commercial models. Honda will procure battery systems from GM as part of this arrangement.

Why it matters: The firms will share development resources and costs­ to improve battery charge times while maintaining high energy density. In addition to their smaller footprint, these batteries could cut manufacturing and materials costs up to 50%.

The background: News of this collaboration follows Honda and GM's January announcement of a joint venture for hydrogen fuel-cell manufacturing, also for EV use. The joint venture, Fuel Cell System Manufacturing LLC, is the first of its kind between two automakers, with plans for production to start in 2020.

What's next: Production of the EME 1.0 isn’t expected to start until 2021. GM has announced plans to release at least 20 EV models into the market by 2023, and Honda has also announced several EV models in the upcoming years.

The big picture: While there have been other joint ventures to deliver cost-effective EV battery systems in the past, they've primarily occurred between automaker and supplier, and in China and Europe. The two automakers' decision to share resources, technology and intellectual property could lead the way to faster development and deployment of cost-attractive options for EV battery systems.

Maggie Teliska is a technical specialist at Caldwell Intellectual Property, an intellectual property law firm. She is also a member of GLG, a platform connecting businesses with industry experts.

Go deeper

CNN fires Chris Cuomo

Photo: Kevin Mazur/Getty Images for CNN

CNN said Saturday evening it has fired one of its star anchors, Chris Cuomo, following new revelations from a legal review made by the company into Cuomo's involvement in the management of his brother's sexual harassment scandal.

Why it matters: Saturday's firing speaks to how much pressure CNN was under by employees and critics to address Cuomo's behavior.

Updated 2 hours ago - Energy & Environment

Electric car prices could go up before they come down

Illustration: Eniola Odetunde/Axios

The secret to affordable electric vehicles is cheaper batteries. But after years of falling prices, battery costs are now headed in the wrong direction.

Why it matters: Costlier batteries could drive up the price of electric vehicles — threatening the auto industry's transition away from fossil fuels, and, in turn, society's fight against climate change.

Axios Visuals Deep Dive: Pandemic eating

Illustration: Sarah Grillo/Axios

A food revolution began pre-pandemic and COVID has only accelerated that. See how America's food industry is transforming, from farm to your table.

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