General Motors Co. and Honda Motor Co. will co-develop a series of “affordable” electric vehicles, the automakers said today.
The companies plan to start production of the new EVs in 2027. GM and Honda said they will standardize and processes.
“GM and Honda will share our best technology, design and manufacturing strategies to deliver affordable and desirable EVs on a global scale,” GM CEO Mary Barra said in a statement.
“This is a key step to deliver on our commitment to achieve carbon neutrality in our global products and operations by 2040 and eliminate tailpipe emissions from light-duty vehicles in the U.S. by 2035,” she added. “By working together, we’ll put people all over the world into EVs faster than either company could achieve on its own.”
Honda CEO Toshihiro Mibe also cited his company’s goal of achieving carbon neutrality by 2050.
“Honda and GM will build on our successful technology collaboration to help achieve a dramatic expansion in the sales of electric vehicles,” the Honda chief said.
In 2018, Detroit-based GM and Tokyo-based Honda agreed to jointly develop battery components for EVs. Honda said last year it is introducing battery-electric SUVs utilizing a global platform based on its partnership with GM.
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