Hyperdrive
Honda CEO Says Halting Plans With GM to Develop Smaller EVs
- Carmakers had planned to roll out more affordable EVs in 2027
- Plan halted due to change in business environment, CEO says
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Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, Chief Executive Officer Toshihiro Mibe said.
The carmakers had agreed in April of last year to create a new architecture based on GM’s Ultium EV battery that will be used primarily for small crossover sport utility vehicles, with plans to roll out the first models in North America in 2027.