General Motors (GM) and Honda have announced an expanded collaboration that will include the development of a line of affordable electric vehicles based on the GM Ultium Universal Platform with advanced batteries. The companies say they will produce millions of these cars, including crossovers, as early as 2027.
Two years ago, the automakers announced their intention to jointly develop two electric versions of Honda based on the Ultium platform. The Japanese company will mainly develop the exterior and interior, and the platform itself will be optimized to the required specifications. The cars will be produced at GM’s North American plants and sales will begin in the 2024 model year. According to GM CEO Mary Barra, affordable co-development electric vehicles will be offered worldwide, including key markets in North America, South America and China.
The Japanese automaker has already invested $2 billion in GM-owned Cruise over 12 years. In addition, GM is said to be investing $2.2 billion to modernize its Detroit plant, which will also produce electric vehicles, and this is where the new electric Hondas will be produced.
These aren’t the only automakers working closely with competitors. Ford and Volkswagen are jointly developing and producing autonomous and electric cars — automakers rushing to ride the electric vehicle popularity wave created by Tesla — and launching SUVs, pickups, and sedans. In addition, many of the companies are jointly testing cars with autonomous driving systems, both as taxis and as robots that deliver groceries and other goods.