9/6/2021, 11:23 AM (Source: TeleTrader)
more TeleTrader news

GM, Honda EVs to share 50% of their components - report

Electric vehicles that Honda Motor will be offering on the United States market will share around 50% of the components with cars manufactured by General Motors, according to a report published by the Nikkei on Monday. According to sources familiar with the plans, the vehicles developed by the two carmakers will mostly differentiate only when it comes to interior and exterior designs.

The cooperation comes amid surging environmental concerns across the globe. The European Union obliged to sell only electric-powered vehicles from 2035, while the US government set a target of 50% new electric car market share by the end of this decade. At the same time, industry giants are looking at possibilities to lower manufacturing costs.

Baha Breaking News (BBN) / ND