Hyundai Motor Company and General Motors have revealed details of their first five jointly developed vehicles, marking a key step forward in their strategic collaboration.
The partnership will deliver four vehicles for Central and South America—a compact SUV, a car, a pick-up, and a mid-size pick-up—all designed to support both internal combustion and hybrid powertrains. Additionally, the two companies will co-develop an electric commercial van for the North American market.
Once full-scale production is achieved, Hyundai and GM expect annual sales of the co-developed vehicles to exceed 800,000 units.
GM will lead the development of the mid-size truck platform, while Hyundai will lead on the compact vehicle and electric van.
The two companies will share common platforms and develop unique interiors and exteriors consistent with their respective brands.
Design and engineering work is underway on the new vehicles for the Central and South American markets, which will launch in 2028. The electric commercial van will be manufactured in the U.S. as early as 2028.
“Hyundai’s strategic collaboration with GM will help us continue to deliver value and choice to our customers across multiple vehicle segments and markets,” said José Muñoz, president and CEO of Hyundai Motor Company. “Our combined scale in North and South America helps us to more efficiently provide our customers more of what they want – beautifully designed, high-quality, safety focused vehicles with technology they appreciate.”
Shilpan Amin, GM senior VP and global chief procurement and supply chain officer, said the vehicles announced today are targeted at the largest segments in the Central and South American markets, as well as the commercial segment in North America.
“By partnering together, GM and Hyundai will bring more choice to our customers faster, and at lower cost,” Amin said. “These first co-developed vehicles clearly demonstrate how GM and Hyundai will leverage our complementary strengths and combined scale.”
The two companies also plan joint sourcing initiatives in North and South America for materials, transport, and logistics. Further areas for potential joint operations include raw materials, components, and complex systems.
Hyundai Motor and GM also agreed to explore collaboration on low-carbon emissions steel as part of their commitment to sustainable manufacturing.
Following the signing of a framework agreement in September 2024, the companies continue to assess additional joint vehicle development programs for global markets, as well as collaboration opportunities across propulsion systems, including internal combustion engines, hybrid, battery electric, and hydrogen fuel cell technologies.
COMMENTS