The two giants Honda and GM joined hands to produce cheap electric cars, not hiding their ambition to compete directly with Tesla
On Tuesday (April 5), the two giants of the auto industry, Honda and General Motors (GM) announced that they will collaborate to launch a line of low-cost electric vehicles (EVs). advanced, which hopes to ship millions of new vehicles by 2027 and beat Tesla in the electric vehicle market.
GM’s previous plan was to start producing two electric SUVs – the Honda Prologue and Acura – for Honda from 2024. The two automakers said the new deal was aimed at “affordable” electric vehicles, including electric vehicles. compact crossover vehicle, using GM’s Ultium battery technology. According to the two companies, crossovers are the world’s best-selling vehicle segment with annual sales of more than 13 million units.
Currently, both Honda and GM are refusing to give specific numbers for the amount of money invested in this cooperation project.
At the Axios event, GM CEO Mary Barra revealed the price below $30,000 for the Chevrolet Equinox electric SUV. According to Ms. Barra, the new car is part of GM’s plan to surpass Tesla in electric vehicle sales. “We have a very ambitious goal, which is that by the middle of the next decade, by 2025, we’re going to sell more electric vehicles in the US than anyone else, and to do that you need a portfolio of vehicles. variety and quality. We can get to that scale and do it quickly.” She also noted that GM plans a wide range of electric vehicles from small to large.
GM and Honda will also discuss future battery technology partnerships in electric vehicles to drive prices down in a reasonable way. In addition, both manufacturers want to achieve the goal of being carbon neutral globally. Honda is holding a stake in GM’s self-driving car company Cruise. The two are co-developing the Cruise Origin self-driving electric vehicle, developing and manufacturing hydrogen fuel cell systems at the Brownstown, Michigan (USA) plant.
Honda is playing a key role in GM’s Cruise line of autonomous vehicles, and the automakers are also co-developing the Cruise Origin self-driving electric vehicle.
The companies are trying to focus on research and development projects using hydrogen fuel cell engines, another type of battery power, at a plant in Brownstown, Michigan – a reasonable alternative to Lithium batteries are popular today, when the production of lithium batteries is increasingly difficult. Especially when the price of nickel, a key ingredient in the production of batteries for electric vehicles, is soaring.
“Honda and GM will build on the successful technology partnership that has been achieved to help significantly expand sales of electric vehicles in this potential market,” said Toshihiro Mibe, CEO of Honda. .
Reference: Reuters
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