Hyundai and GM are Collaborating on an All-Electric Commercial Van for North America

General Motors and Hyundai revealed today that they will work together to co-develop at least five vehicles before the end of the decade. Together, the companies expect to sell 800,000 units per year once production is up and running.

For the North American market, the vehicle will take the form of an all-electric commercial van whose platform Hyundai will take the lead on developing. Each company will then produce its own distinct vehicle based on that platform with individual styling reflecting each brand’s design language.

The electric van will be produced as early as 2028, the companies said in a release, with production occurring in the United States.

Meanwhile, the companies will develop an additional four vehicle models that will be marketed and sold in South and Central America. The platforms for these vehicles will be able to use internal combustion or hybrid powertrains.

Design work and engineering are already underway for these vehicles, with GM taking the lead on a mid-size truck platform, while Hyundai will produce a platform that can underpin a compact SUV, car, or a small pickup truck.

“By partnering together, GM and Hyundai will bring more choice to our customers faster, and at lower cost,” said Shilpan Amin, GM’s senior vice president and global chief procurement and supply chain officer. “These first co-developed vehicles clearly demonstrate how GM and Hyundai will leverage our complementary strengths and combined scale.”

Hyundai and GM first signed a framework agreement to collaborate in September 2024. Together, they hope to reduce costs by jointly sourcing materials, to make logistics simpler, and to explore the use of low-carbon emission steel. The companies say they are continuing to assess additional joint venture programs for global markets.