Japanese automaker Honda and General Motors of the United States announced on Wednesday that they would co-produce a new generation of hydrogen-powered fuel cell vehicles. The two companies will be 50:50 the proportion of funding to set up production subsidiaries in the United States, and strive to begin production in 2020 or so. Plans to reduce high production costs through cooperation in the field of environmental protection in the field of competition to maintain its edge.
The two companies will continue to promote the hydrogen fuel cell system in 2013, the joint development. Planned production of products for the fuel cell and related systems, will be used separately to two companies in 2020 after the production of fuel cell vehicles. The two companies were funded 42.5 million US dollars (about 290 million yuan) to set up production subsidiaries located in GM's factory in Michigan. President and vice president to take a two-year rotation system, initially sent by GM president, Honda sent vice president. The production subsidiary is expected to add about 100 employees.
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