Back in April of last year, Honda and GM announced plans to develop a series of affordable EVs by 2027, which would use a new architecture based on GM’s Ultium batteries. They spoke about putting together production capacity for millions of such vehicles even. Today, Honda CEO Toshihiro Mibe revealed that the entire aforementioned plan has been canceled. “After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV. GM and Honda will search for a solution separately. This project itself has been… More…