General Motors and Honda are teaming up to produce low-cost electric cars

2022-08-15 0 By

General Motors (GM.US) and Honda Motor (HMC.US) announced an expanded partnership.The companies say they will produce millions of affordable electric cars by 2027.Gm and Honda reportedly first announced two years ago that they would work together to develop two Honda-branded electric vehicles based on GM’s Ultium powertrain, with Honda designing the exterior and interior of the new electric vehicles.”Gm and Honda will share our best technology, design and manufacturing strategies to deliver affordable and desirable electric vehicles around the world,” GM Chairman and CEO Mary Borra said in a statement.General Motors (GM.US) company profile: General Motors designs, manufactures and sells automobiles, trucks and auto parts.The company also provides auto financing services through GMAC.The company operates through the following divisions: GM North America, GM International and GMAC.Its brands include Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, Onstar and so on.The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, was founded in 1948 and has more than 130 production bases in 29 countries and regions around the world. Its products include motorcycles, cars and Life Creation, etc. In addition to the motorcycle ranked first, the output and scale of cars are also ranked among the world’s top ten manufacturers.The above content is compiled by Securities Star according to public information, if you have any questions, please contact us.