GM and Hyundai Join Forces to Develop New Vehicles and Technologies

The automakers signed a memorandum of understanding to explore collaboration on electric, hydrogen, and combustion vehicles, as well as supply chain efficiencies.

General Motors and Hyundai have agreed to explore joint development of passenger and commercial vehicles, including electric and hydrogen technologies.
The partnership aims to leverage the companies' complementary strengths to reduce costs and accelerate product delivery.
Both automakers will investigate combined sourcing for battery raw materials, steel, and other components to improve supply chain efficiency.
The non-binding memorandum of understanding was signed by GM CEO Mary Barra and Hyundai Executive Chair Euisun Chung.
The collaboration is part of a broader industry trend towards partnerships to manage the high costs and risks of new technology development.