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GM, Honda Partner to Develop Cheaper Electric Vehicles

GM, Honda Partner to Develop Cheaper Electric Vehicles


Industry Segment: Industrial Manufacturing | Word Count: 607 Words

SUGAR LAND--April 6, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--General Motors Company (NYSE:GM) (Detroit, Michigan) and Honda Motor Company Limited (NYSE:HMC) (Tokyo, Japan) plan to codevelop more affordable electric vehicles (EV) on a global scale by utilizing GM's lower-cost battery technology, the two auto giants announced recently. Industrial Info is tracking $20 billion worth of project activity from General Motors worldwide, most of which is in the U.S. Honda accounts for $1.4 billion in activity worldwide, largely due to a major plant upgrade in Canada.

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