GM and Honda have announced a partnership to build next-generation batteries for electric vehicles. Both major automakers will co-develop advanced chemistry battery components, including the cell and module to accelerate their respective plans for all-electric vehicles.

The aim is for the batteries, which will be based on GM’s existing next-gen battery development, to “deliver higher energy density, smaller packaging and faster-charging capabilities.” This, of course, will be used by both companies for their future products, and are mainly developed for the North American Market.

“Under the agreement, the companies will collaborate based on GM’s next generation battery system with the intent for Honda to source the battery modules from GM. The collaboration will support each company’s respective and distinct vehicles. The combined scale and global manufacturing efficiencies will ultimately provide greater value to customers,” said GM in a press statement.

2017 Chevrolet Bolt EV

GM’s executive vice president of global product development, Mark Reuss said “this new, multi-year agreement with Honda further demonstrates General Motors’ capability to innovate toward a profitable electric portfolio. GM’s decades of electrification experience and strategic EV investments, alongside Honda’s commitment to advancing mobility, will result in better solutions for our customers and progress on our zero emissions vision.”

Presently, Honda hasn’t revealed much on its electrification game, focusing instead on its hydrogen fuel cell vehicles such as the Honda Clarity. However, the company will be rolling out several other EVs in the next few years, and that includes the all-electric Jazz and Everus EV. Last year, Honda also teamed up with Hitachi to establish a joint venture company to develop and manufacture electric motors for EVs.

GM also promised a range of new electric vehicles – last year, the company said it plans to add two new EVs that are based on the Bolt EV platform, and then 18 more electric vehicles on new platforms within the next five years. The 200 hp Bolt EV is its only all-electric model in production right now, and the batteries are supplied by LG Chem.