GM and Hyundai join forces to lower costs, develop new vehicles
By Jack Aylmer (Energy Correspondent), Ian Kennedy (Video Editor)
General Motors (GM) and Hyundai Motor Company have announced a partnership on Thursday, Sept. 12, aimed at making vehicles more affordable by improving supply chains and reducing production costs. The collaboration focuses on shared sourcing of key materials, including battery components for electric vehicles (EVs), as well as steel and other materials used in both electric and gas-powered models.
Media Landscape
This story is a Media Miss by the right as only 9% of the coverage is from right leaning media. Learn more about this dataBias Distribution
Left
General Motors and Hyundai explore production and technology collaboration
Click to see story on Associated Press NewsGeneral Motors and Hyundai explore production and technology collaboration
Click to see story on abc NewsGM’s new EV charging hubs look exactly like gas stations
Click to see story on Business InsiderHyundai Motor, GM sign MOU for comprehensive cooperation
Click to see story on The Korea TimesGM and EVgo plan more ‘flagship’ EV charging locations that look like gas stations
Click to see story on The VergeGM And Hyundai Join Forces To Boost EV Development
Click to see story on Inside EVsGM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Click to see story on CNBCGM, Hyundai team up to slash costs of new vehicles and clean tech
Click to see story on Ars TechnicaGeneral Motors and Hyundai are exploring a partnership to make new vehicles
Click to see story on QuartzGM and EVgo Partner on 400 New ‘Flagship’ EV Fast Chargers
Click to see story on Inc.Right
Untracked Bias
GM has long history of partnering with rivals including Hyundai
Click to see story on Automotive NewsGeneral Motors and Hyundai are considering cooperation
Click to see story on HeiseHyundai y General Motors acuerdan analizar una posible alianza de marcas
Click to see story on Revista Merca2.0GM and Hyundai to ‘immediately’ explore partnerships in EV development and supply chains
Click to see story on ElectrekHyundai and GM Could Develop and Build Cars Together
Click to see story on Motor1.comGM, Hyundai to Explore New Vehicle Joint Development
Click to see story on Transport TopicsGM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Click to see story on Stockxpo – A professional network of traders, investors and analystsGM Partners with Hyundai on ICE, EV, and Hydrogen Vehicles
Click to see story on ELECTRIC VEHICLESGM e Hyundai considerarão a possibilidade de desenvolvimento e produção conjunta de automóveis
Click to see story on NFR Las Vegas RodeoGeneral Motors and Hyundai explore production and technology collaboration
Click to see story on SooLeader.comGM And Hyundai Want To Make Cars Together
Click to see story on CarscoopsGM and EVgo plan more ‘flagship’ EV charging locations that look like gas stations
Click to see story on TheSpuzzGM & EVgo Expand Partnership To Build “Flagship” Stations
Click to see story on ecotopical.comGeneral Motors (NYSE: GM) and Hyundai Motor to Explore Joint Vehicle Development
Click to see story on abbonews.comHyundai & GM to Explore Collaboration on Vehicles & Clean-Energy Technologies
Click to see story on autofutures.tvHyundai and GM agree to collaborate on new vehicles and technology development
Click to see story on elperiodicodelaenergia.com“GM and Hyundai have complementary strengths and talented teams,” GM Chair and CEO Mary Barra said. “Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently.”
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By pooling resources, the companies hope to achieve greater efficiencies, ultimately leading to lower prices for consumers. The partnership looks to help both automakers address rising material costs and challenges in EV production.
“This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments,” Hyundai Motor Group Executive Chair Euisun Chung said. “As well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies.”
In addition to cost-saving measures, the two companies plan to collaborate on new vehicle development and clean energy technology, including potential advances in hydrogen-powered cars. GM and Hyundai have signed a memorandum of understanding to formalize the initial stages of their cooperation, with plans to implement more binding agreements in the future.
Jack Aylmer
A PAIR OF MAJOR AUTOMAKERS ARE COLLABORATING TO MAKE THEIR CARS MORE AFFORDABLE.
GENERAL MOTORS AND HYUNDAI ANNOUNCING A PARTNERSHIP THURSDAY TO IMPROVE SUPPLY CHAINS IN AN EFFORT TO BRING DOWN COSTS ON THEIR VEHICLES.
THIS WILL INCLUDE PURSUING OPPORTUNITIES FOR COMBINED SOURCING IN BATTERY RAW MATERIALS FOR THEIR EV LINEUPS-
AS WELL AS STEEL AND OTHER MATERIALS FOR BOTH THEIR GAS POWERED AND ELECTRIC MODELS.
THE TWO COMPANIES ALSO PLAN TO WORK TOGETHER TO DEVELOP NEW VEHICLES-
AND ADVANCE OTHER CLEAN ENERGY TECH, LIKE HYDROGEN POWERED CARS.
GM AND HYUNDAI HAVE SIGNED A MEMORANDUM OF UNDERSTANDING TO GET THE BALL ROLLING ON THESE JOINT GOALS-
AS THEY WORKS TOWARDS MORE FORMAL BINDING AGREEMENTS.
TO GET MORE STORIES ABOUT THE LATEST NEWS IN THE AUTOMOTIVE WORLD, DOWNLOAD THE STRAIGHT ARROW NEWS APP AND SIGN UP FOR ALERTS FROM ME – JACK AYLMER.
Media Landscape
This story is a Media Miss by the right as only 9% of the coverage is from right leaning media. Learn more about this dataBias Distribution
Left
General Motors and Hyundai explore production and technology collaboration
Click to see story on Associated Press NewsGeneral Motors and Hyundai explore production and technology collaboration
Click to see story on abc NewsGM’s new EV charging hubs look exactly like gas stations
Click to see story on Business InsiderHyundai Motor, GM sign MOU for comprehensive cooperation
Click to see story on The Korea TimesGM and EVgo plan more ‘flagship’ EV charging locations that look like gas stations
Click to see story on The VergeGM And Hyundai Join Forces To Boost EV Development
Click to see story on Inside EVsGM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Click to see story on CNBCGM, Hyundai team up to slash costs of new vehicles and clean tech
Click to see story on Ars TechnicaGeneral Motors and Hyundai are exploring a partnership to make new vehicles
Click to see story on QuartzGM and EVgo Partner on 400 New ‘Flagship’ EV Fast Chargers
Click to see story on Inc.Right
Untracked Bias
GM has long history of partnering with rivals including Hyundai
Click to see story on Automotive NewsGeneral Motors and Hyundai are considering cooperation
Click to see story on HeiseHyundai y General Motors acuerdan analizar una posible alianza de marcas
Click to see story on Revista Merca2.0GM and Hyundai to ‘immediately’ explore partnerships in EV development and supply chains
Click to see story on ElectrekHyundai and GM Could Develop and Build Cars Together
Click to see story on Motor1.comGM, Hyundai to Explore New Vehicle Joint Development
Click to see story on Transport TopicsGM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Click to see story on Stockxpo – A professional network of traders, investors and analystsGM Partners with Hyundai on ICE, EV, and Hydrogen Vehicles
Click to see story on ELECTRIC VEHICLESGM e Hyundai considerarão a possibilidade de desenvolvimento e produção conjunta de automóveis
Click to see story on NFR Las Vegas RodeoGeneral Motors and Hyundai explore production and technology collaboration
Click to see story on SooLeader.comGM And Hyundai Want To Make Cars Together
Click to see story on CarscoopsGM and EVgo plan more ‘flagship’ EV charging locations that look like gas stations
Click to see story on TheSpuzzGM & EVgo Expand Partnership To Build “Flagship” Stations
Click to see story on ecotopical.comGeneral Motors (NYSE: GM) and Hyundai Motor to Explore Joint Vehicle Development
Click to see story on abbonews.comHyundai & GM to Explore Collaboration on Vehicles & Clean-Energy Technologies
Click to see story on autofutures.tvHyundai and GM agree to collaborate on new vehicles and technology development
Click to see story on elperiodicodelaenergia.comVOTE WITH THE UNBIASED, STRAIGHT FACTS.™
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