GM and Honda to produce 'attainable EVs' in bid to surpass Tesla sales

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.

GM Chief Executive Mary Barra said Tuesday at an Axios event the pricing will come in below the $30,000 price tag planned for the electric Chevrolet Equinox SUV. She said the new lower-priced vehicles would be "attainable EVs."The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook"We have a very important goal... that by mid-decade, by 2025, we'll sell more EVs in the U.S.

The companies said they will also discuss future battery technology collaboration for electric vehicles in a push to drive down costs. The deal is part of GM's push to achieve carbon neutrality in its global products and operations by 2040 and eliminate tailpipe emissions from light-duty vehicles in the United States by 2035.The Japanese carmaker owns a stake in GM's Cruise self-driving car subsidiary and the carmakers are co-developing the Cruise Origin autonomous EV. The companies also have a joint venture to develop and produce hydrogen fuel-cell systems at a plant in Brownstown, Michigan.

"Honda and GM will build on our successful technology collaboration to help achieve a dramatic expansion in the sales of electric vehicles," Honda CEO Toshihiro Mibe said.Reporting by Ben Klayman in Detroit and David Shepardson in Washington Editing by Susan Fenton and Bernadette BaumSubscribe to our auto newsletter to get the latest news that are driving the global automotive industry.

Source: Car News Wire (carnewswire.net)

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