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GM, Honda plan to co-develop affordable electric vehicles

AP – General Motors (GM)and Honda are planning to co-develop some affordable electric vehicles that will use 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.

GM executive vice president of global product development, purchasing and supply chain Doug Parks said in a statement yesterday that the plan is to have an electric vehicle (EV) that is priced lower than the upcoming Chevrolet Equinox EV.

GM and Honda have successfully partnered over the years. In 2013 the companies started working together on the co-development of a next-generation fuel cell system and hydrogen storage technologies.

In 2018 Honda and GM announced that they’d team up to develop batteries for electric vehicles, mostly for the North American market.