GM, Honda plan to co-develop affordable electric vehicles

Published April 5, 2022 6:23 AM

By MICHELLE CHAPMAN
AP Business Writer

General Motors and Honda are planning to co-develop some affordable electric vehicles that will use GM’s next-generation Ultium battery technology. The vehicles, which will include a compact crossover, are expected to begin going on sale in North America in 2027. Doug Parks, GM executive vice president of global product development, said in a statement on Tuesday that the plan is to have an electric vehicle that is priced lower than the upcoming Chevrolet Equinox EV.

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