Hyundai and GM to co-develop five vehicles under strategic agreement

Hyundai Motor Company and General Motors have announced the first five vehicles to be co-developed under their strategic collaboration. The companies plan to develop four models intended for Central and South American markets, along with an electric commercial van for North America.

The four vehicles for Latin America will include a compact SUV, a passenger car, a compact pickup truck, and a mid-size pickup truck. These vehicles will be designed to accommodate either internal combustion or hybrid powertrains. The electric commercial van will be developed for the North American market, with production expected to begin in the United States as early as 2028.

According to the companies, annual sales of the co-developed vehicles are projected to exceed 800,000 units once full production capacity is reached. Development responsibilities will be divided between the two automakers. GM will lead the development of the mid-size pickup platform, while Hyundai will take the lead on the compact vehicle segment and the electric commercial van.

Each company will use a shared platform for the new models while designing unique exteriors and interiors to align with their respective brand identities. Design and engineering work is currently underway. The launch of the vehicles for Central and South America is scheduled for 2028.

In addition to vehicle development, Hyundai and GM are pursuing joint sourcing efforts in North and South America, which include materials, transportation, and logistics. The companies also plan to explore further collaboration on raw materials, components, and complex vehicle systems.

The automakers stated that they are exploring the use of low-carbon emissions steel as part of a broader effort to support sustainable manufacturing practices.

Hyundai and GM signed a framework agreement in September 2024. Since then, they have continued to evaluate additional joint vehicle development opportunities for global markets. This includes potential collaboration across various propulsion technologies such as internal combustion engines, hybrid systems, battery electric powertrains, and hydrogen fuel cells.