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GM and Honda Unveil Plan to Jointly Build Millions of Small Electric Vehicles

  • Automakers to introduce vehicles in North America in 2027
  • Venture to develop models with prices starting below $30,000
GM’s Ultium EV battery and platform system.

GM’s Ultium EV battery and platform system.

Photographer: Steve Fecht/General Motors Co.

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General Motors Co. and Honda Motor Co. will jointly develop affordable electric vehicles in major global markets, dramatically expanding a partnership that already spans gas-powered models, batteries and self-driving technology.

The automakers plan to create a new architecture based on GM’s Ultium EV battery that will be used primarily for small crossover SUVs, with the first models available in North America in 2027, they said in a statement Tuesday. The project is intended to produce EVs that will be priced below GM’s planned $30,000 Chevrolet Equinox and similar future offerings from Honda, the companies said on a call with journalists.