Honda Motor plans to cut more than $9 billion in costs over the next four years to compete with Chinese electric vehicle makers. ^[1] SunHydrogen, a U.S. photoelectrochemical technology company headquartered in Iowa, achieved solar-to-hydrogen conversion efficiencies of more than 10% with its 100 cm² hydrogen modules during preliminary testing at Sparc Hydrogen's laboratories. ^[2] Honda is struggling with heavy EV-related losses and has shifted its strategy toward gasoline-electric hybrids after reporting its first annual loss as a publicly traded company in May. ^[3] Honda managers met major suppliers this spring and instructed them to reduce prices, targeting a 30% reduction in pressed and forged components, electrical parts, and software-defined vehicle components. ^[4] Reuters reported on Wednesday that Honda aims to save 1.5 trillion yen, approximately $9.4 billion, by 2030. ^[5] Earlier testing of SunHydrogen's 100 cm² modules at the R&D facilities of Japanese automaker Honda achieved an active-area solar-to-hydrogen efficiency of 10.8%. ^[6] SunHydrogen entered into an agreement with Australia-based Sparc Hydrogen to assess the integration of SunHydrogen's modules into Sparc Hydrogen's reactors, with the aim of reducing hydrogen production costs. ^[7] SunHydrogen is now targeting efficiencies approaching 15% while working to scale the technology to larger, manufacturable modules. ^[8]