4/5, 1:51 PM (Source: TeleTrader)
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GM, Honda to produce affordable EVs from 2027

General Motors Co. and Honda Motor Co. Ltd. announced on Tuesday plans to jointly develop affordable electric vehicles in the future using their next-gen Ultium battery technology.

The production of low-cost EVs is expected to start in 2027 in North America with the goal of making millions of vehicles across the globe. At the same time, the two carmakers will work on expanding their partnership when it comes to developing advanced car batteries.

"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 US by 2035," GM CEO Mary Barra noted.

Baha Breaking News (BBN) / ND