GM, Honda to Jointly Develop Next-Generation Electric Vehicles
DETROIT—General Motors and Honda are planning to jointly develop two all-new electric vehicles based on GM’s EV platform powered by its proprietary Ultium batteries. The exteriors and interiors of the new EVs will be exclusively designed by Honda.
Production of the Honda EVs will combine the development expertise of both companies. The vehicles will be manufactured at GM plants in North America.
“This collaboration will put together the strength of both companies, while combined scale and manufacturing efficiencies will ultimately provide greater value to customers,” says Rick Schostek, executive vice president of American Honda Motor Co. “This expanded partnership will unlock economies of scale to accelerate our electrification roadmap and advance our efforts to reduce greenhouse gas emissions.”
“This agreement builds on our proven relationship with Honda, and further validates the technical advancements and capabilities of our Ultium batteries and our all-new EV platform,” adds Doug Parks, GM executive vice president of global product development, purchasing and supply chain.
“It is another step on our journey to an all-electric future and delivering a profitable EV business through increased scale and capacity utilization,” notes Parks. “We have a terrific history of working closely with Honda, and this new collaboration builds on our relationship and like-minded objectives.”