Honda didn't cut a Jazz car engine in half but used some of its components. The fact that the same bore and stroke are used and that the engine has a low red line doesn't mean that it's half a car engine. Of course, using existing parts to create a new engine saves production costs but not necessarily development costs.
BMW did that in the early 80s when they came out with the K100 Four first, then with the K75 triple which shared pistons, con rods and cylinders. Of course the cams, crank, crankcase, the added counter balancer, the radiator, the tank, the exhaust, the frame and lots of other parts had to be developed while parts of the valve train and the injectors could be taken from the existing K100.
Like NC700 project leader Soya Uchida joked: "I got a hacksaw and cut a Jazz engine in half, but it really didn't run very well, so we had to put some more work into the NC700X."
I bet a lot of time and work went into the NC engine that the fact that some parts are identical to a Jazz engine is more a side note, but it makes a good story and that's what people remember.
Interesting article here:
Honda NC700X | Ash On Bikes