• Co-development work underway for vehicles to launch in 2028
• Jointly developed next-generation commercial van to be introduced in North America

DETROIT/SEOUL, August 6, 2025 – Hyundai Motor Company and General Motors announced plans for their first five co-developed vehicles, marking a significant milestone in their previously announced strategic collaboration.

The two companies will co-develop four vehicles for the Central and South American market, including a compact SUV, car and pick-up, as well as a mid-size pick-up, all with the flexibility to use either internal combustion or hybrid propulsion systems. Hyundai and GM also will co-develop an electric commercial van for North America.

Hyundai and GM expect sales of the co-developed vehicles to be more than 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. “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.”

Shilpan Amin, GM senior VP and global chief procurement and supply chain officer, said the vehicles announced today were 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 also plan joint sourcing initiatives in North 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.

 

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More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.  

About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

Why GM is partnering with Hyundai on new vehicle development and sourcing

August 6, 2025

By Shilpan Amin, senior VP, chief procurement and supply chain officer, General Motors

General Motors and Hyundai together make more vehicles than any other single automaker in the world. Between us, we run nearly two dozen assembly plants, building cars, trucks, and SUVs spread across key markets worldwide. And we’re both in the top 50 for U.S. patents - a clear sign that innovation drives what we do.

I’m excited to share an update on the progress GM and Hyundai have made since the beginning of our partnership last year. Today, we are announcing that we’re going to co-develop five brand new vehicles. Four of these will serve the Central and South American markets, including a mid-size pickup, as well as compact cars, pickups, and SUVs. And for North America, we’re working on an electric commercial van, a smaller sibling to Chevrolet’s BrightDrop vans.

GM will take the lead on the mid-size truck platform, while Hyundai heads up the platforms for the other new models. Each company will sell these vehicles under their own brands, with unique interior and exterior designs. But no matter the badge, everything we build together will carry the stamp of both GM and Hyundai’s engineering, manufacturing, and innovative spirit.

The first of these vehicles are scheduled to roll out in 2028, and we expect production to reach more than 800,000 vehicles a year.

We are also planning joint sourcing initiatives in North and South America for materials, transport, and logistics, including raw materials, components, and complex systems. We will also explore collaboration on low-carbon emissions steel as part of our commitment to sustainable manufacturing.

So, why work with Hyundai? The answer is clear:

• By teaming up, we can reduce costs, streamline manufacturing, and launch new models faster.

• Joint sourcing and logistics boost efficiency and deliver savings, with room to scale further across raw materials and complex systems.

• Our collaboration expands customer choice in key markets and strengthens our competitive edge.

• We’re also exploring future propulsion technologies, including fuel cells.

By joining forces with Hyundai, we can broaden our lineup, while making our R&D, logistics, design, and manufacturing teams even more effective. Put simply: together, we’re more than the sum of our parts.

When GM CEO Mary Barra signed our agreement with Hyundai a year ago, she put it well: “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.”

We’re off to a fantastic start, and I can’t wait to see where else this collaboration takes us.