Honda and General Motors announced a new partnership, aimed at co-developing future, affordable electric vehicles. The collaboration will leverage GM’s Ultium battery technology and targets more affordable electric crossovers.
Both GM and Honda have pledged to reduce carbon emissions
GMC Ultium Battery |JEFF KOWALSKY/AFP via Getty Images
General Motors has committed to achieve “carbon neutrality” in both its products and global operations by 2040. It has also promised to eliminate tailpipe emissions for its light-duty vehicles by 2035.
In a recent press release, GM CEO Mary Barra calls GM’s collaboration with Honda a “key step” in this process.
Honda has set 2050 as its target date to achieve carbon neutrality. Honda CEO Toshihiro Mibe recognizes that achieving this requires, “driving down the cost of electric vehicles to make EV ownership possible for the greatest number of customers.”
Therefore, General Motors and Honda will collaborate on several new products in an effort to drive down those costs.
Honda and General Motors are aiming for affordable EVs, together
Honda factory | Matt Cardy/Getty Images
General Motors made it clear they hope the partnership makes EVs more affordable:
“Our plans include a new all-electric product for North America positioned at a price point lower than the upcoming Chevrolet Equinox EV, building on the 2 million units of EV capacity the company plans to install by the end of 2025.”
Doug Parks, GM executive vice president
Honda pointed out that a previous collaboration proves a partnership with GM is an excellent way to serve Honda customers:
“The progress we have made with GM since we announced the EV battery development collaboration in 2018, followed by co-development of electric vehicles including the Honda Prologue, has demonstrated the win-win relationship that can create new value for our customers…This new series of affordable EVs will build on this relationship by leveraging our strength in the development and production of high quality, compact class vehicles.”
Shinji Aoyama, Honda senior managing executive officer
This story is being updated.
Keyword: General Motors and Honda to Codevelop Future EVs