Hyundai, GM to deepen ties to jointly develop cars

Quick Summary:

South Korea’s auto juggernaut Hyundai Motor Co.and US auto giant General Motors Co.will explore ways to jointly develop new vehicles and source raw materials for clean-energy cars together as part of efforts to ward off the ascending Chinese rivals amid an electric vehicle market slowdown.

Under their agreement, Hyundai Motor and GM will cooperate on developing passenger and commercial cars, share supply chains for green car production and jointly develop electric and hydrogen fuel-cell car technologies".

Hyundai Motor Group’s Executive Chairman Chung Euisun and General Motors Chair and Chief Executive Mary Barra have signed a non-binding memorandum of understanding (MOU) to form a strategic alliance, the Korean carmaker announced on Thursday.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: South KoreaCanada

Topics: Alliance Develop Technologies Cars Motor Hyundai Hydrogen Strategic Auto Expected Fuel-cell

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 20:47:11 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22469586

View Article Analysis

About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 15 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 2 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions