GM and Honda End Partnership on Affordable Electric Vehicles

GM and Honda End Partnership on Affordable Electric Vehicles

A Shift in Strategy as GM Faces Hurdles in EV Market

GM and Honda End Partnership on Affordable Electric Vehicles

 

Despite these challenges, GM has some positive news on the horizon. The automaker is working on a next-generation Bolt EV, equipped with a more cost-effective lithium iron phosphate (LFP) Ultium battery pack. This move is expected to make the new Bolt EV more affordable than the outgoing Bolt EUV, which has a starting price of approximately $28,000.