General Motors and Honda are intending to co-develop a few affordable electric vehicles that will utilize GM’s cutting-edge Ultium battery innovation.
The vehicles, which will incorporate a compact crossover, are supposed to start going on sale in North America in 2027.
Doug Parks, General Motors’ executive vice president of worldwide product development, said in a statement on Tuesday that the arrangement is to have an electric vehicle that is estimated lower than the upcoming Chevrolet Equinox EV.
General Motors plans to carry out an electric Equinox little SUV one year from now with a beginning cost of around $30,000.
The automakers will cooperate on battery science, vehicle designing and assembling to drive down costs as they plan to construct what the organizations expect will be a large number of EVs available to be purchased globally beginning in 2027.
An EV evaluated underneath $30,000 with a reach over 300 miles for each charge would be interesting to buyers all around the world, said Ivan Drury, a ranking director at Edmunds.com.
“That is where so many consider both internal combustion engine and electric vehicles,” Drury said. “Right now, when you look at what’s for sale, there’s nothing transacting in that area that checks the box of EVs that go the distance.”