Normal Motors and Honda Motor Co. plan to co-develop a line of reasonably priced electrical automobiles beginning in 2027.

The automakers say the collaboration will allow international manufacturing of “hundreds of thousands” of EVs, together with compact crossovers. The automobiles will likely be based mostly on a brand new international electrical structure powered by GM’s Ultium battery know-how, GM and Honda stated in a joint assertion Tuesday.

GM and Honda may even intention to standardize tools and processes for higher high quality, increased throughput and extra reasonably priced EVs for shoppers.

They may even focus on the potential to collaborate on EV battery know-how to scale back the price of electrification and enhance efficiency.

“By working collectively, we’ll put folks all around the world into EVs sooner than both firm may obtain by itself,” GM CEO Mary Barra stated within the assertion.

The plan is a part of the automakers’ North American auto alliance, which they introduced in September 2020. The alliance constructed on an earlier partnership by which GM would assist develop two new EVs for Honda powered by GM’s Ultium batteries.