General Motors and Hyundai Motor Company have entered into an agreement to explore future collaborations in several strategic areas. This partnership aims to leverage their combined strengths to reduce costs and accelerate the delivery of a broader range of vehicles to customers.
The collaboration will focus on joint development and production of both passenger and commercial vehicles. This includes internal combustion engines, electric vehicles (EVs), and hydrogen-powered vehicles. Additionally, they will explore opportunities for combined sourcing in areas such as battery raw materials and steel.
Both companies are looking at potential projects for co-developing and producing vehicles, engines, and clean energy technologies. This includes electric and hydrogen technologies, which are crucial for future sustainable mobility solutions.
The agreement also covers plans to work on clean energy initiatives. Both brands will assess opportunities for joint powertrain development, focusing on EVs and hydrogen-powered systems. This collaboration aims to support the transition towards cleaner energy sources in the automotive industry.
Covered By: Mobility India / General Motors
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