GM and Hyundai Explore Collaboration on Vehicles, Supply Chain, and Clean-energy Tech

General Motors Co. in Detroit and South Korea’s Hyundai Motor Co. have signed an agreement to explore future collaboration on development and production of passenger and commercial vehicles, internal combustion engines, clean-energy, and electric and hydrogen technologies.

The automakers say they will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.

The two global OEMs also will review opportunities for combined sourcing in battery raw materials, steel, and other areas.

The framework agreement was signed by GM Chair and CEO Mary Barra and Hyundai Motor Group Executive Chair Euisun Chung.

Barra says a partnership between the two companies has the potential to make vehicle development more efficient by driving greater scale and supporting disciplined capital allocation.

“GM and Hyundai have complementary strengths and talented teams,” she says. “Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently.”

Hyundai and GM’s flexibility and agility are expected to allow both companies to explore the development of their shared capabilities.

“This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies,” says Chung.

Following the signing of the non-binding Memorandum of Understanding, assessment of opportunities and progression towards binding agreements will begin immediately.

In Related News: After years of collaborating to increase public charging access, GM and EVgo, one of the nation’s largest public fast charging networks, announced that they are expanding their work together and taking charging to the next level by deploying 400 fast charging stalls at flagship destinations in major metropolitan areas across the U.S.

With features such as 350kW fast chargers, ample lighting, canopies, pull-through stations, and security cameras, the flagship stations are designed to set a new benchmark in the EV charging landscape, by addressing the growing demand for convenient, reliable, and customer-centric charging solutions in the markets that need them most.

Most flagship stations are expected to feature up to 20 stalls, with select locations providing significantly higher stall counts, ensuring that there are critical charging hubs to best serve the growing number of EV drivers on the road.

Flagships will be deployed coast to coast, including in metropolitan areas in states such as Arizona, California, Florida, Georgia, Michigan, New York. and Texas. Co-branded by EVgo and GM Energy, the flagship stations will be located near a diverse set of amenities including shopping, dining, coffee shops, and other services drivers can take advantage of while they charge.

The first flagship location is expected to open in 2025. The new stations will frequently utilize EVgo’s prefabrication approach to expedite construction timelines and offer modularity to ease future expansion.

“Ensuring that our customers have seamless access to convenient and reliable charging is imperative, and this effort will take it to the next level,” says Wade Sheffer, vice president of GM Energy. “Through our collaborations with industry leaders like EVgo, we continue to innovate and expand customer-centric charging solutions that will meet the evolving needs of EV drivers across the country.”

In addition to the agreement to build flagship locations, EVgo and GM continue to collaborate on their ongoing metropolitan charging footprint buildout. The companies plan to build a total of 2,850 DC fast charging stalls, with funding reallocated to deliver premium charging experiences for EV drivers at flagship locations.

For more information about the EVgo fast charging network and station locations, visit evgo.com .

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