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Hyundai Motor Company and General Motors have announced plans for their first five co-developed vehicles. This marks a significant milestone following their framework agreement signed in September 2024.
The collaboration will see the development of four vehicles aimed at Central and South American markets — including a compact SUV, a sedan, a compact pickup, and a mid-size pickup. All four will be designed with flexible powertrain options, offering both internal combustion engine (ICE) and hybrid variants. Additionally, the two automakers will jointly create an electric commercial van targeted at the North American market.
Once production reaches full capacity, Hyundai and GM expect the annual sales of these co-developed models to exceed 800,000 units.
As part of the collaboration, GM will take the lead on engineering the mid-size pickup truck platform, while Hyundai will lead development of the compact SUV, sedan, and electric van. Both companies will share common vehicle platforms but will design interiors and exteriors tailored to their respective brand identities.
Production and design work for the Latin American-focused vehicles is already underway, with launches expected in 2028. The electric commercial van for the U.S. market is also scheduled to begin production by 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 more efficiently provide our customers beautifully designed, high-quality, and safety-focused vehicles with technology they appreciate.”
Shilpan Amin, GM's Senior Vice President and Global Chief Procurement and Supply Chain Officer, echoed the sentiment, highlighting that the vehicles target some of the most in-demand segments in Latin America and the commercial vehicle market in North America. “By partnering together, GM and Hyundai will bring more choice to our customers faster and at a lower cost,” he said.
Beyond vehicle development, the two automakers will jointly explore sourcing initiatives across North and South America, including materials, transport, logistics, and even low-carbon emission steel, reinforcing their mutual commitment to sustainable manufacturing practices.
The companies are also evaluating further global joint development programs across a wide range of propulsion systems — from ICE and hybrid to battery electric and hydrogen fuel cell technologies — hinting at a broader and deeper collaboration in the years ahead
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