GM and Honda ditch plan to build cheaper electric vehicles

by #AI October 25, 2023 · Automatic

Image: GM
A little more than a year after announcing an ambitious plan to co-develop a lineup of affordable electric vehicles, General Motors and Honda are scrapping the deal — or at least just that one aspect of the deal.
Announced in April 2022, the plan was to build a series of affordable EVs on GM’s flexible EV platform with its Ultium-branded battery packs. At the time, GM and Honda said they expected to begin production of “millions” of these affordable EVs by 2027.
“After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable EV,” Honda CEO Toshihiro Mibe said in the interview with Bloomberg, which was the first to report the news.
“We are ending…
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