General Motors and Honda Motor Co on Tuesday said they will co-develop a series of electric vehicles based on a new joint platform, allowing production of millions of cars starting in 2027.
The announcement expands on plans for GM to begin building two electric SUVs for Honda starting in 2024 - the Honda Prologue and an Acura model.
The automakers said the new deal is for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology. The compact crossover is the biggest selling auto sector in the world with annual volumes of more than 13 million vehicles, the companies said.
