General Motors, Honda plan to co-develop affordable electric vehicles
General Motors and Honda are planning to co-develop some affordable electric vehicles that will use next-generation Ultium battery technology, it said on Tuesday.
The vehicles, which will include a compact crossover, are expected to begin going on sale in North America in 2027.
Doug Parks, GM executive vice president of global product development, purchasing and supply chain, said in a statement on Tuesday that the plan is to have an electric vehicle that is priced lower than the upcoming Chevrolet Equinox EV.
GM and Honda have successfully partnered over the years. In 2013 the companies started working together on the co-development of a next-generation fuel cell system and hydrogen storage technologies.
