Honda teams with GM on sub-$30,000 EVs for 2027 global rollout

Automakers expand on North American partnership with shared parts production

20220405N Honda GM

Honda and GM will share production facilities for chassis and parts. (Source photos from Nikkei and Reuters)

Nikkei staff writers

TOKYO -- Honda Motor said Tuesday it will partner with General Motors to develop affordably priced electric vehicles, aiming for a global release beginning in 2027.

The new models will feature GM's Ultium lithium-ion battery technology. Production and sales will start in North America, with plans to expand later to markets such as Japan, China and Europe.

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