GM and Honda to Co-Develop "Affordable" EVs by 2027

Continuing their longstanding partnership, General Motors and Honda have now announced plans to co-develop electric vehicles for mass production by 2027.

As you’d expect, the new plans will rely on shared EV infrastructure, utilizing a common architecture built around GM’s current Ultium batteries. The two companies intend to produce EVs across all sectors but have also specifically mentioned compact crossovers, which according to them is the largest automotive category in the market, accounting for more than 13 million car sales every year.

Aside from standardizing equipment and development processes, the two companies are also looking to further discuss potential collaboration on designing and creating their own batteries which will significantly reduce cost, translating to more “affordable” EVs for consumers.

“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 CEO and chair Mary Barra wrote 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. By working together, we’ll put people all over the world into EVs faster than either company could achieve on its own.”

Elsewhere in the automotive industry, Tesla has delivered 68% more vehicles in Q1 of 2022 year-on-year despite supply chain interruptions.