General Motors (GM) and Hyundai Motor Company will collaborate on passenger and commercial vehicle production which could rely on hydrogen technologies.
The framework agreement was signed last week (September 12) by Hyundai Motor Group’s Executive Chair, Euisun Chung and GM Chair and CEO, Mary Barra.
Under the agreement, the two global OEMs will explore internal combustion (ICE) and clean energy, electric and hydrogen technologies to power their vehicles.
Barra claimed the partnership has the “potential to make vehicle development more efficient by driving greater scale and supporting disciplined capital allocation.”
