General Motors and Honda just announced a new partnership that will enable both automakers to collaborate on next-generation fuel cell and hydrogen storage technologies. GM and Honda are currently the leaders in fuel cell technology, and they’re planning to launch the fruits of their partnership by 2020.

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The partnership between GM and Honda will allow the automakers to share expertise, economies of scale and common sourcing strategies. In addition, GM and Honda plan to work together with stakeholders to further advance hydrogen refueling infrastructure, which is currently one of the major hurdles preventing the wide-spread adoption of fuel cell vehicles.

“This collaboration builds upon Honda and GM’s strengths as leaders in hydrogen fuel cell technology,” said Dan Akerson, GM chairman and CEO. “We are convinced this is the best way to develop this important technology, which has the potential to help reduce the dependence on petroleum and establish sustainable mobility.”

Honda has already announced plans to introduce the next-generation of its FCX Clarity fuel cell vehicle in 2015, but GM has yet to confirm its timeline for its own line of fuel cell vehicles.

Takanobu Ito, president & CEO of Honda Motor Co. Ltd. said: “Among all zero CO2 emission technologies, fuel cell electric vehicles have a definitive advantage with range and refueling time that is as good as conventional gasoline cars. Honda and GM are eager to accelerate the market penetration of this ultimate clean mobility technology and I am excited to form this collaboration to fuse our leading fuel cell technologies and create an advanced system that will be both more capable and more affordable.”

+ General Motors and Honda