Hyundai Motor, GM to co-develop 5 new vehicles by 2028

Hyundai Motor and General Motors (GM) will launch five jointly developed vehicles by 2028 for their deeper inroads into Latin America, both carmakers said Thursday. This is the first significant milestone after they announced a strategic partnership last year. Under the latest collaboration, they will produce four vehicles tailored for Central and South American markets — a compact SUV, passenger car, small pickup and mid-size pickup. All four models will offer powertrain flexibility, with options for both internal combustion and hybrid engines. The two companies will jointly develop an electric commercial van designed for the North American market as well. Once production ramps up fully, Hyundai and GM anticipate annual sales of the co-developed vehicles to exceed 800,000 units. Design and engineering work is currently underway with plans to launch the vehicles in 2028. Development responsibilities will be divided between the companies: GM will lead on the mid-size pickup platform, while Hyundai will spearhead development for the compact vehicles and electric van. While the automakers wWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times