The two companies will reach an agreement by the end of the quarter as they find new ways to collaborate on electric vehicles.

Last fall, General Motors and Hyundai announced they were exploring a partnership focused on joint product development, manufacturing, and future clean energy technologies. Specifics were few and far between, but the ultimate goal was to “reduce costs and bring a wider range of vehicles and technologies to customers faster.”

General Motors and Hyundai will ink a deal in the coming months. Little news about the Hyundai-General Motors collaboration has surfaced since the two brands signed an unexpected Memorandum of Understanding last September.

After announcing its fourth quarter 2024 financials, Hyundai confirmed it was nearing a deal to sell commercial EVs to GM. “We are considering re-badging our commercial EVs and supplying GM,” Hyundai’s CFO,