Honda is building a bigger electric SUV to follow the Prologue
General Motors Plans for a US-based EV Battery Factory at the GM End of 2023 and an EV Factory in Michigan
General Motors plans to end production of the Chevy Bolt EV and EUV at the end of 2023, GM CEO Mary Barra announced in an earnings call Tuesday. The company plans to build electric trucks at its plant in Michigan.
GM’s most affordable plug-in model, the Bolt will be phased out and the Chevy Equinox EV will take its place. The SUV will have an average range of up to 300 miles and will cost around $30,000 when it is released later this year.
Bolt sales have been less impressive since the release of the Model 3. The Bolt is not what American car buyers are looking for, instead preferring larger SUVs and trucks. Bolts related to a flawed battery left the vehicle prone to fires and the recall didn’t help with sales.
Honda’s working on a new mid to large-sized electric SUV for the US market, the automaker announced today. The new vehicle, slated for release in 2025, will be built atop the automaker’s new Honda e Architecture EV platform. Honda had previously announced vehicles on its own platform would be coming in 2026, so it looks like the automaker’s a year ahead of schedule.
The Honda GM partnership will extend to manufacturing, as it will work together to increase competitiveness in the areas of core electrification components. Using the Ultium platform means Honda will use GM’s current pouch-style (as opposed to cylindrical cell) Ultium batteries for its announced EVs. Meanwhile, GM is working to build a $3 billion US-based EV battery plant in conjunction with Samsung SDI, following another four domestic battery factories that GM currently has in construction.
