General Motors Co. and Honda Motor Co. plan to jointly develop a line of affordable electric vehicles, deepening strategic ties as they work to bring costly plug-in technology to the mass market.
GM and Honda said Tuesday they would work together on underlying technology that would be used to produce several electric models, including compact sport-utility vehicles, for North and South America and China. The first of the vehicles, which likely would be priced below $30,000 in the U.S., won’t be ready until 2027, the companies said.
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