Hyundai Motor and General Motors plan to sign electric vehicle contract

Hyundai plans to sign a binding contract with GM for passenger cars and commercial vehicles in the first quarter of 2025. Although no other details were provided, one report indicated that the plans include "badged engineering," meaning Hyundai electric vehicle models will be sold under GM's brand. The two companies have collaborated in a number of areas, including joint procurement of parts and cooperation on passenger cars.