This partnership can disrupt EV market dynamics

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Honda strengthens its partnership with GM and now aims to co-develop millions of five-year electric vehicles. As of 2027, the two companies aim to push electric cars in the Crossover category, which Honda claims the largest segment of cars sold in the world. Extended links between Honda and GM are affordable EV that provide world-class quality and will be sold globally. According to a Reuters report, the GM Ken Morris Executive Vice President told reporters that the company examines a price tag less than $ 30,000 for the next slate of affordable EVS vehicles, under-breaking its own Chevrolet Equinox SUV And the Tesla’s domain leader Popular Model 3. Honda and GM already work together on two electric cars – Honda Prologue and the first Acura brand SUV – which are also planned to launch in 2024.

The low-cost electric cars series that Honda and GM are intended to develop will be based on the following battery technology. Reveranted by 2020, ultic uses pocket and large-size style cells that can be stacked horizontally or vertically for more flexibility in terms of shapes and battery sizes. Gross production can fall between 50 kWh and 200 kWh, while the range is 400 miles peak for the most powerful configuration.

This partnership can disrupt EV market dynamics

Another objective of the renewed partnership between the two car giants is to standardize the parts of the vehicle and take advantage of the technology of each to obtain high production for the shipment of electric cars around the world. Over the next few years, GM and Honda will work together to strengthen the performance of EVS and solve the cost of electric vehicles. The two companies first joined the hands in 2018 towards the development of the battery and quickly expanded the scope of collaboration with the manufacture of electric cars. Honda already makes EVS on the basis of internal architecture, but will not say how this will affect the development and marketing of affordable electric cars made in collaboration with GM. The financial details of the agreement have not been made public, but the reinforced links are built to help GM achieve its carbon neutral objectives by 2035, while Honda aims to accomplish the same thing in 2050.

Honda is already a speaker in the GM cruise unit that works on autonomous technology alongside Microsoft. The two companies previously worked on Hydrogen Fuel Cell Tech and now share entries on solid state batteries. Honda also made a case with Sony earlier this year to make EVS that are planned to hit the roads in 2025. Honda is quite bullish on the EV sales prospects, because the company aims to carry about 70,000 units of the next prologue EV once she arrives. At Dealers in 2024.