General Motors Co. and Honda Motor Co. will jointly develop affordable electric vehicles for the most popular segments in large global markets, starting with North America in 2027.
The two automakers will develop a new architecture based on GM’s Ultium EV battery that will be used primarily for small crossover SUVs, they said Tuesday in a statement. The companies intend to build capacity to produce millions of vehicles.
“GM and Honda will share our 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,” GM Chief Executive Officer Mary Barra said in the statement. The partnership will produce EVs in large scale “faster than either company could achieve on its own.”
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