{"id":1196135,"date":"2023-10-25T11:45:35","date_gmt":"2023-10-25T15:45:35","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1196135"},"modified":"2023-10-25T11:45:35","modified_gmt":"2023-10-25T15:45:35","slug":"honda-and-gm-have-given-up-on-their-plan-to-co-create-affordable-evs","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1196135","title":{"rendered":"Honda and GM have given up on their plan to co-create affordable EVs"},"content":{"rendered":"

Honda and GM are abandoning their plan to develop a line of affordable electric vehicles together. Under the program, which was announced in April 2022, the two had committed to building compact crossover EVs<\/ins><\/a> that would start at less than GM\u2019s upcoming $30,000 electric Chevrolet Equinox. The first models were expected to start releasing in 2027.<\/p>\n

Toshihiro Mibe, CEO of Honda, confirmed the project\u2019s cancellation in an interview with Bloomberg<\/em><\/a>, saying \u201cwe decided that this would be difficult as a business, so at the moment we are ending the development of an affordable EV.\u201d Both companies will separately continue exploring options to bring down EV costs, Mibe said.<\/p>\n

<\/p>\n

The decision comes amid industry wide EV production slowdowns and an ongoing United Auto Workers strike, which has GM at its center. Just this week, GM announced it would be delaying the production of EVs<\/ins><\/a> that use its Ultium battery pack, including the Equinox, Silverado and GMC Sierra EVs. As part of the now-scrapped affordable EV program with Honda, the companies intended to develop Ultium-based small crossover SUVs to compete with Tesla.<\/p>\n

It was just one of several projects Honda and GM have been working on together, and it doesn\u2019t seem its dissolution will have any effect on the others. The companies a few days ago announced they\u2019ll be working with Cruise to launch a driverless ride-hailing service in Japan in 2026.<\/p>\n

This article originally appeared on Engadget at https:\/\/www.engadget.com\/honda-and-gm-have-given-up-on-their-plan-to-co-create-affordable-evs-154535464.html?src=rss
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\nSource: Engadget – Honda and GM have given up on their plan to co-create affordable EVs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Honda and GM are abandoning their plan to develop a line of affordable electric vehicles together. Under the program, which was announced in April 2022, the two had committed to building compact crossover EVs that would start at less than … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99,110],"tags":[98],"class_list":["post-1196135","post","type-post","status-publish","format-standard","hentry","category-engadget","category-unfiltered-rss","tag-engadget"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1196135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1196135"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1196135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1196135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1196135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1196135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}