Honda is setting up a new company to produce electric vehicle motors with Hitachi

Honda is among the few major automakers still entrenched in fuel cell hydrogen over battery-powered vehicles as an alternative fuel. The Japanese automaker has shown signs of hedging its bet lately and there’s no better way to do it than by investing in electric motors since they are used both with batteries and fuel cells. The company announced today a new joint venture with Hitachi to produce electric vehicle motors. It doesn’t mean that it is walking away from hydrogen yet despite proving to be less energy-efficient than batteries, but it’s still an investment that the EV industry should benefit from.

https://electrek.co