Honda has ended a cope with GM to create low cost EVs, saying the endeavor proved too tough and costly to be tenable.
The 2 firms had introduced a three way partnership in April 2022 to develop an inexpensive EV platform. Sadly, the challenges concerned in delivering on that promise have proved too daunting.
“After finding out this for a 12 months, we determined that this may be tough as a enterprise, so in the mean time we’re ending improvement of an inexpensive EV,” Honda CEO Toshihiro Mibe instructed Bloomberg, by way of Ars Technica. “GM and Honda will seek for an answer individually. This mission itself has been canceled,” Mibe added.
It seems the businesses are persevering with to work collectively on different initiatives.