General Motors and Hyundai Motor have announced a partnership to explore joint product development, manufacturing, and clean energy technologies. The companies aim to reduce costs and bring a wider range of vehicles to market faster by leveraging their combined scale and strengths. The agreement will explore opportunities in electric, hydrogen, and internal combustion vehicles, as well as battery, raw material, and steel sourcing.
Other automakers, including Nissan, Honda, Mitsubishi, and BMW, are also collaborating on similar initiatives to develop electric vehicles, software-defined vehicles, and hydrogen-powered vehicles. These partnerships highlight the growing trend of collaboration in the automotive industry as companies seek to accelerate the transition to sustainable transportation.
Read more: https://lnkd.in/eFdE9uBR
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