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Bangkok Post
Bangkok Post
Business

GM and Honda to Co-Develop Affordable Electric Vehicles

GM Honda Honda Motor Co Ken Morris Tesla Inc. United States
GM's Chinese Wuling brand has had success selling an inexpensive EV, the Hongguang Mini, priced around $5,000. (Photo: Bloomberg)

General Motors Co. and Honda Motor Co. plan to jointly develop a line of affordable electric vehicles, deepening strategic ties as they work to bring costly plug-in technology to the mass market.

GM and Honda said Tuesday they would work together on underlying technology that would be used to produce several electric models, including compact sport-utility vehicles, for North and South America and China.

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