Honda Working With GM To Bring Down Price Of Fuel Cell Cars At Par With Hybrids

Honda Motor said Thursday that it is trying to bring down the cost of its fuel cell cars to the price of hybrids with the help of General Motors. The company said it is working on manufacturing and procuring parts for hydrogen fuel cell stacks under its technology development partnership with GM.

Honda's CEO Takahiro Hachigo made the announcement after the Japanese automaker launched Clarity on Thursday — the company's first mass-market fuel cell vehicle that will run on hydrogen instead of petrol.