Hyundai Motor and General Motors sign comprehensive cooperation agreement

Hyundai Motor and General Motors of the United States recently signed a comprehensive cooperation working agreement (MOU) in New York, the United States. The two parties will jointly develop and produce passenger cars and commercial vehicles. The areas of cooperation include internal combustion engines, new energy, electric and hydrogen energy technologies. Through this cooperation, the two companies will use their respective advantages and economies of scale to reduce costs and accelerate the launch of more competitive products and technologies.