Hyundai Motor and GM Announce Joint Development of Five Vehicles, First Launch Set for 2028

Hyundai Motor Company announced on August 7 that it will jointly develop five vehicle models with General Motors (GM) in the United States, with which it has established a strategic partnership, and release them in 2028.

The two companies plan to jointly develop a total of five next-generation vehicles: four models for the Central and South American markets?including a mid-size pickup, a compact pickup, a compact passenger car, and a compact SUV, all of which can be equipped with both internal combustion engines and hybrid systems?as well as an electric commercial van for the North American market.

Hyundai Motor Company and General Motors (GM) in the U.S. Sign Memorandum of Understanding (MOU) for Comprehensive Cooperation. Hyundai Motor Group

During the joint development process, GM will lead the development of the mid-size truck platform, while Hyundai will take charge of developing the platforms for compact models and the electric commercial van. Both companies will share common vehicle platforms, while developing interiors and exteriors tailored to each brand's identity.

The two companies are currently collaborating on design and engineering for new vehicles targeting the Central and South American markets, aiming for a 2028 launch. Production of the electric commercial van in the United States could begin as early as 2028. Once mass production is fully underway, the companies expect to produce and sell more than 800,000 units annually.

Previously, in September of last year, the two companies signed a memorandum of understanding (MOU) for comprehensive cooperation. They plan to pursue additional joint vehicle development programs for the global market and continue collaboration across all powertrain systems, including internal combustion engines, hybrids, battery electric vehicles, and hydrogen fuel cell technologies. The companies also intend to launch joint sourcing initiatives for materials, transportation, and logistics in North and South America, and are considering cooperation in areas such as raw materials, parts, and complex systems. In addition, they have agreed to explore collaboration in the field of low-carbon steel to achieve sustainable manufacturing practices.

Jose Munoz, President of Hyundai Motor Company, stated, "Through our strategic cooperation with GM, we will be able to provide customers with beautiful designs, high quality, safety-oriented vehicles, and satisfying technologies more efficiently."

Silpan Amin, Executive Vice President and Chief Purchasing and Supply Chain Officer at GM, said, "The vehicles announced today are those that account for the largest share of the Central and South American markets and target the commercial vehicle sector in North America."

This content was produced with the assistance of AI translation services.