1. Honda partners with General Motors to build electric cars using GM’s Ultium platform in Tennessee.
2. Honda ends development of an affordable EV project with GM, shifts focus to manufacturing EV batteries and new electric car models in Canada.
3. Honda signs MOU with Nissan to co-develop electric cars and electronics, highlighting a shared sense of urgency to compete in the rapidly evolving EV market.
Honda has been making some interesting moves in the electric vehicle market recently. After partnering with General Motors to use GM’s Ultium platform and batteries, they released the Honda Prologue. However, the partnership seems to have ended, with Honda CEO stating that they are canceling development of an affordable EV. Honda also announced a plan to invest $14 billion in Canada to manufacture EV batteries and produce 30 new electric car models.
In addition to the GM partnership, Honda has also teamed up with Sony to introduce a new electric car brand called Afeela. They have also signed a memorandum of understanding with rival Nissan to co-develop electric cars and associated electronics.
Despite these collaborations, there seems to be a sense of desperation in the air. Both Honda and Nissan are playing catch up in the EV market, facing competition from emerging players and the threat from China. The industry is racing to develop new technologies like solid-state batteries to improve the range and safety of electric cars.
Overall, the uncertainty surrounding Honda’s approach to EVs is unsettling. While many are rooting for Honda’s success in the electric vehicle market, their indecision and shifting partnerships raise concerns about their ability to stay competitive in the rapidly evolving industry.