GM and Hyundai Reportedly Close to Electric Vehicle Partnership
General Motors (GM) and Hyundai are reportedly nearing an agreement to form a partnership that would see Hyundai supplying GM with two models of electric commercial vans in North America, according to sources familiar with the discussions.
Potential Agreement Details
Electric Commercial Vans for North America
Under the prospective deal, Hyundai would manufacture electric vans for both its brand and GM’s, initially importing them from South Korea. Production could potentially shift to North America by 2028.
Pickup Trucks for Hyundai
In exchange, Hyundai may receive mid-sized pickup trucks from GM to sell under the Hyundai brand in North America, according to Hyundai documents reviewed by news agencies. While Hyundai has expressed interest in full-size pickups, GM has not yet offered this option.
Broader Collaboration Areas
The discussions between the automakers encompass a wide array of potential collaborations, including:
- Joint purchasing
- Joint development
These collaborations could extend to:
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.
- Computing chips
- Next-generation batteries
- Battery materials
Compact SUVs for Brazil
Beyond vans and trucks, Hyundai may also provide GM with compact SUVs to enhance its product offerings in Brazil.
Driving Forces Behind the Partnership
Rising EV Competition
The talks are reportedlyMotivated by increasing competition from Chinese electric vehicle (EV) manufacturers.
Global Trade Uncertainties
The looming threat of a global trade war has also prompted both companies to consider sharing vehicle platforms to reduce costs.
US Tariff Concerns
Sources indicate that potential US tariffs are adding complexity to the ongoing partnership discussions.
Production Considerations in North America
Exploring Manufacturing Options
For North American van production, Hyundai is considering several options:
- Constructing a new plant
- Expanding an existing facility
- Outsourcing production
Timeline for Agreements
The agreement concerning commercial vans is expected to be finalized sooner than the pickup truck deal.
Previous Discussions
Hyundai had previously announced preliminary discussions in January 2025 about supplying electric commercial vehicles to GM, as part of a broader preliminary agreement to explore cooperation on vehicles, supply chains, and clean-energy technologies.
Potential Sales and Service Network Sharing
The partnership could also involve sharing sales and service networks for the electric vans.
Hyundai’s Fuel Cell Plant Expansion
Separately, Hyundai Motor recently announced plans to construct a hydrogen fuel cell plant in South Korea. This will be Hyundai’s second global fuel cell manufacturing site, following its existing plant in China.