General Motors and Honda will share common vehicle platforms for EVs and ICEs. Co-development will start immediately, with engineering work starting in 2021.
- In 2018, Honda bought a stake in GM Cruise to share engineering expertise in developing AVs. In April this year, GM partnered with Honda to develop electric vehicles (EVs) for Honda.
- Prior track record of partnership will help both the companies.
- Automakers need investment to develop disruptive technologies like EVs and AVs. With any industry rebound taking around two years, partnerships and alliances are a good way to share costs.