When Joint Ventures Fall Apart: Honda, GM Will Not Co-Develop Cheaper EVs, Scrap Partnership

25 Oct 2023 | Abstracted from Firstpost

"The move highlights General Motors' shift in strategy, where it has opted to slow down the launch of several EV models and place a greater emphasis on profitability...both companies intend to persist in their individual efforts to provide affordable EV models to the market...The automakers had said the deal was for 'affordable' EVs, including compact crossover vehicles, built using GM's Ultium battery technology."

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