GM and Hyundai plan partnership in car production and green technology


09/13/2024

American General Motors and South Korean Hyundai Motor have agreed to investigate potential collaborations in car production, supply chains, and environmentally-friendly technologies.



DennisM2 via flickr
As per the companies' collaborative press statement, they aim to cut costs and speed up the release of cutting-edge technologies to the market.

The companies will also talk about collaborating on creating and manufacturing passenger and cargo vehicles, internal combustion engines, and technologies for electric and hydrogen-powered vehicles.

They are also planning to collaboratively buy steel and raw materials needed for batteries.

source: bloomberg.com