Honda and General Motors (GM) are investing $85 million (Rs 536 crore) each to co-develop advanced hydrogen fuel cell powertrains for use in their future models. The Japanese and American carmakers have been working together since 2013. The companies combined their development and shared technology for hydrogen fuel cell and hydrogen storage systems. They announced that their collaboration is expanding with the launch of a new company called Fuel Cell System Manufacturing (FCSM). It will be located within GM's existing battery pack manufacturing site in Brownstown, in the south of Detroit. The company will create around 100 jobs and is expected to significantly reduce the cost of development and manufacturing through economies of scale. This in turn should help to drive down the cost of hydrogen fuel cell vehicles for the end consumer.