GM and Hyundai Announce Plans for First Five Co-developed Vehicles

DETROIT/SEOUL – Hyundai Motor Company and General Motors have announced plans to build their first five co-developed vehicles, marking a milestone in their previously announced strategic collaboration.

The two companies will co-develop four vehicles for the Central American and South American markets, including a compact SUV, car, and pickup, as well as a mid-size pickup. Hyundai and GM will also develop an electric commercial van for North America.

Hyundai and GM expect sales to exceed 800,000 vehicles a year once production is fully scaled.

GM will lead the development of the mid-size truck platform, while Hyundai will lead on the compact vehicle and electric van.

The two companies will share common platforms and develop unique interiors and exteriors consistent with their respective brands.

Design and engineering work is underway on the new vehicles for the Central and South American markets, which will launch in 2028. The electric commercial van will be manufactured in the U.S. as early as 2028.

“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.

Shilpan Amin, GM senior vice president and global chief procurement and supply chain officer, said the vehicles announced today are targeted at the largest segments in the Central and South American markets, as well as the commercial segment in North America.

“By partnering together, GM and Hyundai will bring more choice to our customers faster, and at lower cost,” Amin said. “These first co-developed vehicles clearly demonstrate how GM and Hyundai will leverage our complementary strengths and combined scale.”

The two companies plan joint sourcing initiatives in North America and South America for materials, transport, and logistics. Further areas for potential joint operations include raw materials, components, and complex systems.

Hyundai Motor and GM also agreed to explore collaboration on low-carbon emissions steel as part of their commitment to sustainable manufacturing.

Following the signing of a framework agreement in September 2024, the companies continue to assess additional joint vehicle development programs for global markets, as well as collaboration opportunities across propulsion systems, including internal combustion engines, hybrid, battery electric, and hydrogen fuel cell technologies.