Hyundai (OTCPK:HYMTF) and General Motors (NYSE:GM) on Wednesday unveiled plans for their first five co-developed vehicles.
Hyundai and GM expect sales of the co-developed vehicles to be more than 800,000 vehicles a year once production is fully scaled.
GM will lead the development of the mid-size truck platform, while Hyundai will lead on the compact vehicle and electric van.
Design and engineering work is underway on the new vehicles for the Central and South American markets, which will launch in 2028. The electric commercial van will be manufactured in the U.S. as early as 2028.
