As part of their ongoing agreement for the joint development of electric vehicles, GM and Honda are reported to have agreed to share 50% of parts by value on future EV products
As part of plans first announced last year to jointly develop electric vehicles (EVs) for sale in North America, GM and Honda are reported to be sharing 50% of the parts being used in them.
GM and Honda announced in April last year that they were jointly developing two EVs for Honda powered by GM’s Ultium Cells battery technology, itself derived from a joint venture with battery maker LG Chem.
Honda’s first fully electric SUV, which will be called Prologue, will go on sale in early 2024 will be joined later that year by an all-electric Acura. Both will run on the highly flexible global EV platform powered by Ultium batteries provided by GM.
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