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GM and Honda expand electric vehicle partnership -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The brand new GM brand is seen on the facade of the Common Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook dinner

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By Ben Klayman

DETROIT (Reuters) -Common Motors and Honda Motor Co on Tuesday mentioned they’ll co-develop a sequence of electrical automobiles primarily based on a brand new international structure, permitting manufacturing of thousands and thousands of automobiles beginning in 2027.

The announcement expands on plans for GM to start constructing two electrical SUVs for Honda beginning in 2024.

The automakers mentioned the brand new deal is for “inexpensive” EVs, together with compact crossover automobiles, constructed utilizing GM’s Ultium battery know-how.

The businesses mentioned they will even talk about future battery know-how collaboration for electrical automobiles in a push to drive down prices.

“GM and Honda will share our greatest know-how, design and manufacturing methods to ship inexpensive and fascinating EVs on a worldwide scale, together with our key markets in North America, South America and China,” GM Chief Govt Mary Barra mentioned in an announcement.

The deal is a part of GM’s push to attain carbon neutrality in its international merchandise and operations by 2040 and eradicate tailpipe emissions from light-duty automobiles in the US by 2035.

Honda has mentioned it’s aiming to achieve carbon neutrality on a worldwide foundation by 2050.

The Japanese carmaker owns a stake in GM’s Cruise self-driving automobile subsidiary and the carmakers are co-developing the Cruise Origin autonomous EV. The businesses even have a three way partnership to develop and produce hydrogen fuel-cell techniques at a plant in Brownstown, Michigan.

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