General Motors and Hyundai may collaborate on electric vehicle technology and fuel cells, following a memorandum of understanding that sets the stage for potential joint efforts in sustainable automotive technologies.
On Thursday, GM and Hyundai unveiled a preliminary agreement that marks the initial phase of a potential collaboration. The focus of this alliance would be to leverage their collective scale to cut expenses, as highlighted by both companies.
2025 Hyundai Ioniq 5
„The automakers stated that the proposed collaborative efforts will focus on jointly developing and producing passenger and commercial vehicles, as well as internal combustion engines, and technologies related to clean energy, electric, and hydrogen power.“
The pair of car manufacturers will also explore new possibilities for joint procurement of essential components such as battery raw materials and steel. Previously in 2022, GM announced it had acquired sufficient battery raw materials to reach a production capacity of 1 million electric vehicles per year in North America by 2025. However, it has since revised this goal due to challenges in scaling up its Ultium technology.
2024 Chevy Equinox Electric Vehicle
General Motors (GM) is set to enter its second significant collaboration focused on electric vehicles (EVs) with another car manufacturer. Previously, GM teamed up with Honda to produce the Ultium-powered Acura ZDX and Honda Prologue electric SUVs for the Japanese company. In 2023, GM and Honda prematurely concluded their joint venture aimed at producing affordable electric vehicles, halting their ambitions to manufacture millions of EVs collectively. However, the two companies still collaborate on hydrogen fuel-cell technology.
Honda is shifting its attention to in-house electric vehicle (EV) development, aiming for an annual sales target of 2 million EVs by the decade’s end under the new 0 Series banner. Additionally, it has joined forces with Sony to create the Afeela EV brand. This collaboration may provide General Motors (GM) the opportunity to team up with a different automotive manufacturer for upcoming EV projects.
Labels:
Participate:
Distribute this Story:
Contact the Editor:
Stay Updated:
Eco-Friendly Car News Digest
Register to receive the newest updates on eco-friendly vehicles and environmental insights, direct to your email every day!
I consent to getting emails from Green Car Reports and acknowledge that I can opt out at any moment. See our Privacy Policy for more details.
Eight electric vehicles have earned the 2024 Top Safety Pick+ designation from the IIHS.
Jaguar made a bold leap into the electric vehicle market with the introduction of the I-Pace, but subsequently, the momentum of its EV transformation has waned
A continuing collaboration with Mercedes could lead to significant improvements in electric vehicle range without adding extra weight.
Lucid has unveiled a preview of its new midsize crossover SUV, emphasizing its commitment to technological innovation and energy efficiency.
The founder and CEO of Lucid has shifted his perspective regarding the development of an electric pickup truck, expressing skepticism about the viability of such a project with the current technology.
The initial models of the Lucid Gravity SUV will feature a CCS charging port, with plans to switch to a NACS port starting in 2025.
The release of the Jeep Wagoneer S has not been postponed so far; however, the CEO of the automaker has indicated that the quality of the pre-production models does not meet expectations.
Panasonic has announced that it has successfully resolved the production issues with its larger 4680 battery cells.
There’s a concern that the door handles on Volkswagen ID.4s may not be watertight.
The European Union may reduce import duties on electric vehicles from select international manufacturers.
The corporation has halted the production of cathode active materials in Sweden and is implementing cost reduction measures that are likely to result in layoffs.
Associated Content
Top Picks
Image Gallery
Updates
Press
For Vendors
Feeds
Our Business
Connect With Us Now:
