General Motors and Honda have announced a partnership to develop new battery components for electrified vehicles.

The two automakers already have a proven relationship when it comes to electrification, having established the industry’s first manufacturing joint venture for an advanced hydrogen fuel cell system set to arrive around 2020. Now, GM and Honda will work together on new advanced chemistry battery components, including the cell and module, in hopes of accelerating both companies’ plans for all-electric vehicles.

In a statement released by both companies, the joint venture promises to deliver a next-generation battery that features higher energy density, smaller packaging, and faster charging capabilities for future products, mainly for the North American market.

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The companies will collaborate based on GM’s next-generation battery system, with the intent for Honda to source the battery modules from GM. The goal is to combine scale and global manufacturing efficiencies from both companies to provide greater value for consumers.

“This new, multiyear agreement with Honda further demonstrates General Motors’ capability to innovate toward a profitable electric portfolio,” said Mark Reuss, General Motors executive vice president of Global Product Development, Purchasing and Supply Chain. “GM’s decades of electrification experience and strategic EV investments, alongside Honda’s commitment to advancing mobility, will result in better solutions for our customers and progress on our zero emissions vision.”

A version of this story originally appeared on AutoGuide.com.