Honda Motor (HMC) Sony Honda Mobility looks to source EV batteries from U.S.

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GM and Honda (HMC) cancel plans to co-develop affordable EVs

October 25, 2023 8:08 AM EDT

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More