Chevrolet, GM and Fiat Chrysler have all agreed to take part in a joint venture, with Fiat Chrysler, to make electric vehicles, a move which could have an impact on the market.
The three firms, whose assets include GM, Ford and Chrysler, are also planning to create a joint manufacturing facility in the UK, which could help to increase the supply of electric vehicles.
“Chevrolet is committed to working closely with Ford, GM, Fiat Chrysler and other companies to develop and produce electric vehicles for consumers,” said the GM chief executive Mary Barra, in a statement.
Fiat Chrysler also announced that it is joining forces with Ford to produce electric cars, while Ford is working on plans to create an electric car-making plant in the US.
GM and Ford had been in talks to join forces, but the talks fell apart after the former bailed out Chrysler in 2015.
Chev, which owns the Grand Cherokee and the Pontiac G8, has already begun selling electric cars and is expected to launch a car powered by hydrogen in 2019.
Ford is developing its own hydrogen fuel cell vehicle, which will have an electric motor.
More to follow…