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Benzinga
Benzinga
Business
Shanthi Rexaline

GM Teams Up With Honda To Bring Out Sub-$30,000 EVs By 2027: What Investors Should Know

GM Honda NYSE United States Tesla Inc.

General Motors Corporation (NYSE:GM) has set out to vigorously pursue electrification, and on Tuesday, the automaker took another step in that direction.

What Happened: GM and Japanese automaker Honda Motor Co Limited (NYSE:HMC) said they will codevelop a series of affordable electric vehicles (EVs) based on a "new global architecture" using the former's Ultium battery technology.

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