GM and Honda planning together  to develop ‘millions’ of affordable EVs in 2027

General Motors and Honda announced to produce “a series of affordable electric vehicles” built on GM’s flexible EV platform with its Ultium-branded improved battery packs

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The automakers said they will work toward standardizing equipment and processes, while aiming to produce millions of electric vehicles, including compact crossovers, beginning in 2027

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The companies said the new vehicles will be powered by Ultium battery technology and that they will continue their work on EV battery technology collaboration

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GM chair and CEO Mary Barra said, GM and Honda will share our best technology, design and manufacturing strategies to deliver affordable and desirable EVs on a global scale

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The price of the vehicles is expected to fall below $30,000, according to Ken Morris, GM's executive vice president of electric, autonomous and fuel cell programs who spoke with reporters on Tuesday

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In 2020, GM and Honda announced plans to codevelop two EVs. One of them is the Honda Prologue, expected to be launched in early 2024

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GM and Honda have worked together on various collaborations for more than 20 years, including the development of fuel cells, batteries and the Cruise Origin shared autonomous vehicle

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The two automakers are also working together with Cruise, and are jointly developing the self-driving Cruise Origin

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