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Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

General Motors and Honda will jointly develop two electric vehicles for Honda's product line that are slated for manufacture at GM's North American plants.

Why it matters: No company can go it alone when it comes to funding advanced technologies like electrification.

  • While Honda is known for efficient gasoline-powered engines, it needs help with battery-electric vehicles.
  • GM, for its part, gets added scale for its new Ultium battery platform, which should help drive down EV prices.

Details: Sales of the new vehicles are slated to begin in 2024.

  • The companies already work together on many fronts, including hydrogen fuel cells.
  • Honda is also an investor in GM’s self-driving unit, Cruise.

The big picture: It's among a growing number of major corporate partnerships over EVs, such as Ford and VW's alliance, Toyota and Panasonic's joint battery development, Ford's work with the startup Rivian, and more.

But, but, but: GM and Honda are on different sides of the debate over auto emissions policy.

  • Honda — along with Ford, VW, BMW and Volvo — are part of a preliminary deal with California to meet CO2 standards that are stricter than Trump administration rules.
  • GM is among the automakers on the administration's side in litigation to block California (and states that follow its lead) from imposing separate standards.

Go deeper

Scoop: Biden weighs retired general Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star general Lloyd Austin as his nominee for Defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.
1 hour ago - Health

WHO: AstraZeneca vaccine must be evaluated on "more than a press release"

A medical syringe and vial with fake coronavirus vaccine in front of the World Health Organization (WHO) logo. Photo Illustration: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Top scientists at the World Health Organization on Friday called for more detailed information on a coronavirus vaccine developed by AstraZeneca and the University of Oxford.

Why it matters: Oxford and AstraZeneca have said the vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses. AstraZeneca has since acknowledged that the smaller dose received by some participants was the result of an error by a contractor, per the New York Times.