General Motors and Honda will jointly develop millions of affordable electric vehicles for crucial markets including North America and China, with production slated for 2027.
The Detroit- and Tokyo-based companies on Tuesday said they would use a new global production system based on GM’s Ultium battery technology, targeting mass market crossover SUVs in particular, as the automakers deepen an existing technology partnership.
A new electric vehicle is planned for North America at a lower price than GM’s Chevrolet Equinox EV, billed as one of its cheaper electric models at $30,000.
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