Hyundai Motor Company and General Motors have moved forward with their plans to build their first 5 co-developed vehicles. The huge milestone marks a significant step toward fulfilling the previously announced strategic collaboration between the two automotive giants.
“By partnering together, GM and Hyundai will bring more choice to our customers faster, and at lower cost… These first co-developed vehicles clearly demonstrate how GM and Hyundai will leverage our complementary strengths and combined scale.” Shilpan Amin, GM senior VP and global chief procurement and supply chain officer
“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.”
Into the Nitty Gritty…
What does this mean?
The global alliance between the two companies will strategically co-create vehicles for the massive global market. Plans revealed that they will co-develop a compact SUV, car and pick-up, as well as a mid-size pick-up for the Central and South American market that utilizes either internal combustion or hybrid propulsion systems. For North America, Hyundai and General Motors also will co-create an electric commercial. Once fully scaled, the brands expect to produce more than 800,000 vehicles.
Who will take the lead?
This is a partnership between global giants, which means each will lean into their strengths. Hyundai will take the lead on the compact vehicle and electric van, and General Motors will charge forward with the development of a mid-size truck platform. While the two companies will share platforms, each will develop customized interiors that are consistent and reflect their brand values.
Both brands agreed to explore additional collaboration on sustainable manufacturing methods including utilizing low-carbon emissions steel while keeping an eye on additional joint vehicle development programs for other global markets. The discussion also briefly explored partnering on internal combustion engines, hybrid, battery electric, and hydrogen fuel cell technologies.
When and where will these come to market?
All signs point to 2028. The detailed work of design and engineering have already begun for the 4 new vehicles for the Central and South American markets. As far as North America’s electric van, the production will begin early 2028.
For more on the global initiative from General Motors and Hyundai, visit here.
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