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Honda announces EV Partnership with General Motors
 Date: April 02, 2020 16:23
 Submitted by:  JeffX
 Source: Honda Press Release
 Credibility Rating: Not Specified


General Motors and Honda to Jointly Develop Next-Generation Honda Electric Vehicles Powered by GMís Ultium Batteries



April 2, 2020 ó DETROIT and TORRANCE, Calif.
  • Builds on GMís proven advanced technology relationship with Honda
  • Honda will develop unique interior and exterior designs for Honda customers
  • EVs will be produced on GMís flexible global EV platform to increase scale and capacity utilization

General Motors and Honda have agreed to jointly develop two all-new electric vehicles for Honda, based on GMís highly flexible global EV platform powered by proprietary Ultium batteries. The exteriors and interiors of the new EVs will be exclusively designed by Honda, and the platform will be engineered to support Hondaís driving character.

Production of these Honda electric vehicles will combine the development expertise of both companies, and they will be manufactured at GM plants in North America. Sales are expected to begin in the 2024 model year in Hondaís United States and Canadian markets.

GM and Honda have an ongoing relationship around electrification. This includes work on fuel cells and the Cruise Origin, an electric, self-driving and shared vehicle, which was revealed in San Francisco earlier this year. Honda also joined GMís battery module development efforts in 2018.

"This collaboration will put together the strength of both companies, while combined scale and manufacturing efficiencies will ultimately provide greater value to customers," said Rick Schostek, executive vice president of American Honda Motor Co., Inc. "This expanded partnership will unlock economies of scale to accelerate our electrification roadmap and advance our industry-leading efforts to reduce greenhouse gas emissions."

"We are in discussions with one another regarding the possibility of further extending our partnership," Schostek said.

According to Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain, "This agreement builds on our proven relationship with Honda, and further validates the technical advancements and capabilities of our Ultium batteries and our all-new EV platform.

"Importantly, it is another step on our journey to an all-electric future and delivering a profitable EV business through increased scale and capacity utilization. We have a terrific history of working closely with Honda, and this new collaboration builds on our relationship and like-minded objectives."

As part of the agreement to jointly develop electric vehicles, Honda will incorporate GMís OnStar safety and security services into the two EVs, seamlessly integrating them with HondaLink. Additionally, Honda plans to make GMís hands-free advanced driver-assist technology available.

General Motors (NYSE: GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun, and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, and Maven, its personal mobility brand, can be found at http://www.gm.com.

Honda Motor Co. (NYSE: HMC), Honda designs, manufactures and markets automobiles, motorcycles, power products and aviation products worldwide. A global leader in powertrain and electromotive technologies, Honda produces nearly 28 million engines annually for its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing more than 208,000 associates globally.

# # #

Cautionary Note on Forward-Looking Statements: This press release contains forward-looking statements that represent GMís current judgment about possible future events. In making these statements GM relies on assumptions and analysis based on managementís experience and perception of historical trends, current conditions and expected future developments as well as other factors GM considers appropriate under the circumstances. GM believes these judgments are reasonable, but these statements are not guarantees of any events or financial results, and GMís actual results may differ materially due to a variety of important factors, both positive and negative. A list and description of these factors can be found in GMís Annual Report on Form 10-K and its subsequent filings with the U.S. Securities and Exchange Commission. GM cautions readers not to place undue reliance on forward-looking statements. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where GM is expressly required to do so by law.


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Date Subject User
04-03-2020 11:46
Some concerns, some Honda history, some comments...   (Score: 1, Normal)
OnlyHonda4me
04-03-2020 13:12
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
NealX
04-03-2020 13:41
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
HONDA AFVM
04-04-2020 17:22
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
honduh
04-04-2020 18:42
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
rocky
04-05-2020 12:07
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
Bullwinkle
04-05-2020 14:24
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
honduh
04-05-2020 19:46
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
rocky
04-05-2020 19:48
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
rocky
04-05-2020 23:57
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
InsightX Ze1
04-06-2020 00:08
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
InsightX Ze1
04-06-2020 22:14
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
Jeffro
04-08-2020 12:56
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
OnlyHonda4me
04-08-2020 22:13
Re: Some concerns, some Honda history, some comments...   (Score: 1, Normal)
wanga
04-06-2020 14:59
Great Video of GM's battery.   (Score: 1, Normal)
HONDA AFVM
04-07-2020 10:39
Re: Great Video of GM's battery.   (Score: 1, Normal)
Blue99si
04-07-2020 18:06
Re: Great Video of GM's battery.   (Score: 1, Normal)
TonyEX
04-08-2020 09:27
Re: Great Video of GM's battery.   (Score: 1, Normal)
HONDA AFVM
04-08-2020 19:15
Re: Great Video of GM's battery.   (Score: 1, Normal)
TonyEX
04-02-2020 18:32
Smart strategy   (Score: 1, Normal)
bnilhome
04-02-2020 19:35
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-02-2020 23:46
Re: Smart strategy   (Score: 1, Normal)
JeffX
04-03-2020 00:02
Re: Smart strategy   (Score: 1, Normal)
sadlerau
04-03-2020 03:47
Re: Smart strategy   (Score: 1, Normal)
Nick GravesX
04-03-2020 09:05
Re: Smart strategy   (Score: 1, Normal)
NealX
04-03-2020 09:12
Re: Smart strategy   (Score: 1, Normal)
Mikeydred
04-03-2020 17:09
Re: Smart strategy   (Score: 1, Normal)
InsightX Ze1
04-03-2020 17:13
Re: Smart strategy   (Score: 1, Normal)
InsightX Ze1
04-03-2020 17:30
Re: Smart strategy   (Score: 1, Normal)
InsightX Ze1
04-04-2020 00:28
Re: Smart strategy   (Score: 1, Normal)
InsightX Ze1
04-03-2020 17:29
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-03-2020 09:18
Re: Smart strategy   (Score: 1, Normal)
longhorn
04-03-2020 17:19
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-03-2020 17:58
Re: Smart strategy   (Score: 1, Normal)
longhorn
04-04-2020 16:13
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-03-2020 11:25
Re: Smart strategy   (Score: 1, Normal)
HONDA AFVM
04-03-2020 17:04
Re: Smart strategy   (Score: 1, Normal)
InsightX Ze1
04-03-2020 17:22
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-04-2020 09:37
Re: Smart strategy   (Score: 1, Normal)
HONDA AFVM
04-04-2020 12:17
Re: Smart strategy   (Score: 1, Normal)
NealX
04-04-2020 16:22
Re: Smart strategy   (Score: 1, Normal)
HONDA AFVM
04-04-2020 18:46
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-04-2020 16:43
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-04-2020 12:35
Re: Smart strategy   (Score: 1, Normal)
The Legend
04-04-2020 17:10
Re: Smart strategy   (Score: 1, Normal)
honduh
04-05-2020 16:17
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-05-2020 22:52
Re: Smart strategy   (Score: 1, Normal)
honduh
04-05-2020 15:44
Re: Smart strategy   (Score: 1, Normal)
Keen7601
04-05-2020 16:57
Re: Smart strategy   (Score: 1, Normal)
TonyEX
04-07-2020 10:37
Re: Smart strategy   (Score: 1, Normal)
Blue99si
04-08-2020 09:27
Re: Smart strategy   (Score: 1, Normal)
longhorn
04-06-2020 12:41
Is Honda gonna make a big bet on increasing ICE efficiency?   (Score: 1, Normal)
Power Of Dreams
04-06-2020 12:58
Re: Is Honda gonna make a big bet on increasing ICE efficiency?   (Score: 1, Normal)
Nick GravesX
04-07-2020 20:32
Re: Is Honda gonna make a big bet on increasing ICE efficiency?   (Score: 1, Normal)
TonyEX
04-07-2020 20:02
Re: Is Honda gonna make a big bet on increasing ICE efficiency?   (Score: 1, Normal)
InsightX Ze1
04-02-2020 17:12
Super Cruise!   (Score: 1, Normal)
gearhead99
04-02-2020 17:42
Re: Super Cruise!   (Score: 1, Normal)
longhorn
04-02-2020 19:57
Re: Super Cruise!   (Score: 1, Normal)
gearhead99
04-05-2020 12:10
Re: Super Cruise!   (Score: 1, Normal)
Bullwinkle
04-05-2020 18:03
Re: Super Cruise!   (Score: 1, Normal)
TonyEX
04-02-2020 17:01
What new products?   (Score: 1, Normal)
longhorn
04-05-2020 12:11
Re: What new products?   (Score: 1, Normal)
Bullwinkle
04-03-2020 07:48
Toyota is choosing BYD   (Score: 1, Normal)
Nick GravesX
04-05-2020 12:08
Re: Toyota is choosing BYD   (Score: 1, Normal)
Bullwinkle
04-02-2020 17:24
GM built..   (Score: 1, Normal)
TonyEX
04-03-2020 03:48
Re: GM built..   (Score: 1, Normal)
Nick GravesX
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