The planned partnership between Honda and General Motors to develop a range of affordable electric vehicles (EVs) has been canceled. The joint venture, announced in April 2022, aimed to create a new EV platform for North America, South America, and China, with vehicles expected to launch in 2027. However, both companies have mutually decided to discontinue the program, with a commitment to affordability in the EV market.
Honda’s CEO, Toshihiro Mibe, explained, “After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV.” The now-scrapped platform was intended to utilize GM’s Ultium batteries, but challenges in mass production and supply chain issues have led to the project’s cancellation.
GM and Honda continue to collaborate on other projects, including electric crossovers, a North American fast-charging network, and an upcoming robotaxi service in Japan using the Cruise Origin autonomous electric vehicle. However, their joint effort to produce affordable EVs has been discontinued.
