GM and Hyundai to explore joint vehicle development projects

General Motors and Hyundai Motor have agreed to explore potential collaborations in key strategic areas, including joint vehicle development, supply chain optimization, and clean-energy technologies. The U.S. and Korean automakers signed a non-binding memorandum of understanding to consider leveraging their complementary strengths and scale to reduce costs and accelerate the delivery of a broader range of vehicles and technologies. Potential projects will focus on the co-development and production of passenger and commercial vehicles, as well as internal combustion engines and clean-energy solutions, such as electric and hydrogen technologies.