GM, Honda plan to co-develop affordable electric vehicles
ABC News
General Motors and Honda are planning to co-develop some affordable electric vehicles that will use GM's next-generation Ultium battery technology
General Motors and Honda are planning to co-develop some affordable electric vehicles that will use GM's next-generation Ultium battery technology.
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, 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 plans to roll out an electric Equinox small SUV next year with a starting price of around $30,000.
The automakers will work together on battery chemistry, vehicle engineering and manufacturing in order to drive down costs as they prepare to build what the companies expect will be millions of EVs for sale worldwide starting in 2027.
