GM, Honda scrap plans to co-develop affordable sub-$30,000 EVs
Finance GM et Honda abandonnent leur projet de co-développement de véhicules électriques « abordables » à moins de 30,000 XNUMX $ 1 min ago Nouvelles Bitcoin Ethereum The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies. Honda DETROIT - et have canceled plans to jointly develop affordable electric vehicles as they face slower-than-expected demand and changing market conditions. The unwinding of the tie-up roughly a year and a half after it was announced is the latest in a string of decisions by automakers, specifically GM, to scale back or cancel previously announced EV plans. The partnership was expected to use GMs next-generation Ultium battery technology to produce millions of EVs that cost less than $30,000 for global markets beginning in 2027. They were set to include popular compact crossover vehicles. Since the automakers first announced the partnership, the outlook for EVs has dimmed due to higher costs, lack of infrastructure and slower-than-expected consumer demand. “After extensive studies and analysis, we have come to a mutual decision to discontinue the program. Each company remains committed to affordability in the EV market,” GM spokesman Darryll Harrison said in an email. “Each company remains committed to affordability in the





