GM and Honda announce plans to build ‘affordable’ EVs arriving in 2027

GM and Honda will co-develop a series of affordable EVs using a global architecture and GM’s Ultium battery technology, the companies announced. They promised to build vehicles in multiple product segments, including the compact crossover category, calling it a “new chapter” in their partnership. That significantly expands on previous news that Honda would create two EVs using GM’s battery technology.

“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,” said GM CEO and chair Mary Barra. 

The companies promised to share technology, design and sourcing strategies, while working toward “standardizing equipment and processes to achieve world-class quality, higher throughput and greater affordability,” GM’s press release states. The companies will also discuss EV battery collaboration in an effort to drive down costs and improve performance and sustainability. 

The word “affordable” comes up a lot in the press release, as both companies emphasized the idea of building cheaper EVs than are currently available. “Honda and GM will build on our successful technology collaboration to help achieve a dramatic expansion in the sales of electric vehicles,” …read more