General Motors (GM) and Hyundai Motor Group have signed a non-binding memorandum of understanding to explore potential collaborations in vehicle development, supply chain efficiency, and clean energy technologies. The partnership aims to leverage the complementary strengths of both companies to co-develop passenger and commercial vehicles, including gas-powered engines and electric and hydrogen technologies. The companies will also explore joint sourcing for battery raw materials, steel, and other components to reduce costs and accelerate the delivery of new vehicles. Both GM CEO Mary Barra and Hyundai Executive Chair Euisun Chung emphasized the potential for enhanced competitiveness and cost efficiencies through this collaboration. Observers note that this partnership is part of a broader trend of strategic alliances in the auto industry to meet global emissions regulations and stay competitive in the electric vehicle market.