Honda will launch two new EVs for model year 2024 in the US and Canada, and they'll both be based on GM's EV platform. According to GM EVP Doug Parks, the automakers have teamed up to achieve an "all-electric future" and to deliver "a profitable EV business through increased scale and capacity utilization." Since they'll still be Honda vehicles, the Japanese automaker will be in charge of its interior and exterior designs. They'll be manufactured at GM's plants in North America, though, since they'll be using GM technology. In addition, they'll also feature GM's OnStar safety and security services.

A report from 2019 said Honda is developing a modular EV platform of its own, but it won't be ready until 2025. Meanwhile, GM's global EV platform is ready for use and will be the basis for various vehicles by the automaker's brands, including Chevy and Cadillac. GM's platform is powered by the company's Ultium batteries, which can deliver as much as 400 miles of range and 0-to-60MPH in 3 seconds. The battery's latest version is also cheaper to manufacture than its previous ones, and it has a 200kW fast charging capability.