A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023.
GM cited a joint statement that pointed to the projects the companies are still working on together in acknowledging the end of EV plan.
A spokesman confirmed she was referring to the Honda EV partnership.
The automakers had said the deal was for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology.
"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," Honda CEO Toshihiro Mibe was quoted by Bloomberg as saying in an interview.
Persons:
David, Dee, Delgado, Tesla, Honda, Mary Barra, Toshihiro Mibe, Cruise, Daniel Leussink, Gursimran, Ben Klayman, Mark Potter, David Holmes
Organizations:
New York, REUTERS, Rights, Honda, General Motors, United Auto Workers, U.S, Tuesday, GM, Honda EV, Bloomberg, Cruise, Thomson
Locations:
Manhattan , New York City, U.S, California, U.S ., . California, Japan, Tokyo, Gursimran Kaur, Bengaluru, Ben, Detroit