Honda and GM Announce Plans to Develop Affordable EVs
April 5, 2022—General Motors and Honda have had a working relationship together for years, but their latest announcement opens up a new chapter in their partnership.
According to a press release, GM and Honda have announced that they will codevelop a project that will enable the global production of millions of EVs to occur, resulting in affordable vehicles that implement next-generation Ultium battery technology. This process will be very collaborative, bringing the best of the two companies' approach to technology, sourcing, and design to the forefront.
"GM and Honda will share out best technology, design and manufacturing strategies to deliver affordable and desirable EVs on a global scale, including our key markets in North America, South America, and China." Mary Barra, GM chair and CEO, said in the release. "By working together, we'll put people all over the world into EVs faster than either company could achieve on its own."
Production will begin in 2027 and will include compact crossover vehicles. GM and Honda will also take this opportunity to discuss the potential for options to collaborate on future vehicles regarding EV battery technology with the hope of improving performance as well as driving down the cost of electrification.