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%.