GM, Hyundai Near Deal for Electric Van Collaboration in North America

General Motors (GM) and Hyundai are nearing an agreement to share two electric commercial van models, which could also see GM providing pickup trucks for Hyundai to sell in North America. This collaboration is part of a broader strategy to reduce costs and enhance competitiveness against rising Chinese electric vehicle manufacturers and the threat of global trade tensions. The proposed arrangement includes joint development in areas like computing chips and next-generation batteries, with Hyundai planning to initially import the vans from South Korea before potentially establishing production in North America by 2028. While discussions on midsized trucks are progressing, plans for Hyundai to sell GM's full-sized pickups remain unresolved. The partnership could enable both companies to better position themselves in the evolving automotive market, especially as they face increasing competition and tariff challenges. The talks highlight the shifting landscape in the automotive industry, where collaboration may be key to survival and growth.