GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit
The vehicles are scheduled to be released for the 2024 model-year, the companies said. They will feature GM’s proprietary “Ultium” battery technology, but their designs will be exclusive to Honda and the vehicle platform “will be engineered to support Honda’s driving character.”
Honda will also offer GM’s hands-free advanced driver-assist technology, known as Super Cruise, and the Detroit automaker’s OnStar safety and security services in the two all-electric vehicles.
Shares of GM were slightly up during extended-hours trading after closing Thursday at $18.19, down 5.6%.
Neither company disclosed the financial terms of the deal, which deepens the ties between the two companies…