General Motors and Hyundai Motor Company have signed a strategic framework agreement to explore future collaboration across a range of critical business and technology areas aimed at accelerating innovation, driving efficiency, and enhancing global competitiveness.
The agreement sets the stage for both automakers to assess joint initiatives that leverage their respective strengths and global scale to reduce costs and accelerate time-to-market for a broader portfolio of vehicles and technologies.
Key areas under evaluation include co-development and co-production of both passenger and commercial vehicles, internal combustion engines, and advanced clean-energy technologies, including electric and hydrogen-powered solutions.
The companies also plan to explore opportunities for combined sourcing strategies, including joint procurement of battery raw materials, steel, and other critical components essential to the automotive value chain.
Also Read: Codasip Looks to Silicon Creations’ PLL to Drive RISC-V Automotive Safety-Critical Core
The framework agreement was signed by Hyundai Motor Group Executive Chair Euisun Chung and GM Chair and CEO Mary Barra, marking a significant step toward deepened collaboration between two of the world’s leading automotive manufacturers.
Barra noted the potential benefits of this partnership in enhancing efficiency and optimizing capital allocation across both organizations.
“GM and Hyundai have complementary strengths and talented teams. Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,” said Barra.