The two automakers said they aimed to work together on internal combustion, electric, and hydrogen-powered vehicles, focusing on cost reduction and faster development.
Mary T. Barra remarked, 'Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently.'
Chung Eui-sun stated, 'This partnership will enable Hyundai Motor and G.M. to evaluate opportunities to enhance competitiveness in key markets and vehicle segments.'
Both companies are investing significantly in electric vehicles but face challenges, as sales growth has been modest amidst high prices and charging concerns.
#automotive-collaboration #electric-vehicles #cost-efficiency #new-technologies #market-competitiveness
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