According to Automotive News (via Jalopnik), General Motors (GM) will begin building electric vehicles (EVs) for both Honda and Acura within the next four years. Both are set to be battery-electric vehicles (BEVs) and will join the ranks of the company’s other builds for its own Buick, Chevy, Cadillac, and GMC brands.
After a successful Q4 for GM, analysts are counting wins from the company’s 4.8 percent sales increase over the prior year’s Q4. One Honda spokesperson declined to comment on the specific plans, but included enthusiasm about plans to come.
The Honda spokesperson it “looks forward to sharing new information on our North American electrification strategy later this year.”
While the last days of 2020 saw more action than most experts thought it would, many are rearranging their investment portfolios to fit companies that are just arriving on the EV scene, like GM. One Ohio teachers fund recently cut back its Tesla shares to place more stake in GM, just a few months after the announcement of the company’s electric Hummer and its backing out of a deal with Nikola Motors.
Whatever the future of EVs means for GM and other legacy automakers, the company is doing about everything it can to acquire other companies and keep up with Tesla’s domination of the EV sector. And while Tesla is still the clear winner, the next few years will see more EV releases to the public than ever before.
Contributing Writer at TeslaNorth.com from California’s southeast Bay Area. Covers electric vehicles, space exploration, and all things tech. Loves a good cup of coffee, live music and puppies. Buying a Tesla? Click here to get 1,000 free Supercharging miles.