According to a report by Reuters on September 12, General Motors and Hyundai Motor have announced a partnership, agreeing to collaborate on key strategic areas in the future, including potential vehicle development, supply chain management, and clean energy technologies.

Hyundai Motor Group Chairman Euisun Chung and General Motors Chairman and CEO Mary Barra have signed a non-binding memorandum of understanding (MoU) to explore ways to "leverage the complementary scale and strengths of both companies to reduce costs and provide a broader range of vehicles and technologies to customers more quickly."

By sales volume, Hyundai Motor Group, including its core company Hyundai Motor and subsidiary Kia, is the third-largest automaker globally, while General Motors is the largest automaker in the United States.