Honda-Waymo Talks Are Said to Have Faltered on Tech Access
<i>Honda had an existing partnership with GM to develop fuel cells. The Detroit automaker has its Chevrolet Bolt EV in showrooms and has developed a battery pack that will be used in 20 new EVs globally by 2023. In June, the companies announced a deal that would have Honda using GM’s cells and battery pack. GM’s battery not only had good range, but by working together the two automakers figured they could lower costs.</i><p>The thing about companies like Honda and GM -- they have a lot of momentum. That means they aren&#x27;t likely to be on the forefront of innovation, but when they turn towards a new target, they will hit with massive resources and established global production capacity that a start-up can only dream of.