GM and Honda to partner on ‘affordable’ electric vehicles

General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021.

A new global architecture will be the basis for a series of affordable electric vehicles, announced the companies Tuesday morning.

GM's Ultium battery technology will be used in the project. The first vehicles are expected to go on sale in the year 2027.

GM and Honda will share their best technology, design and manufacturing strategies to deliver affordable and desirable EV on a global scale, including our key markets in North America, South America and China.

The EV battery technology collaboration opportunities will be discussed by the automakers to further drive down the cost of the technology.

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.

Solid-state batteries are being worked on by both automakers. Solid-state batteries can be lighter, with greater energy density, and provide more range at a lower cost than today's batteries.

The new partnership deepens the ties between the two companies. Honda invested $750 million in Cruise and GM produced two EV for Honda. The companies collaborated on battery modules and fuel cell vehicles.

Honda plans to build its own electric vehicles after the two GM-made EV go on sale in 2024.