General Motors Company (NYSE:GM) shares are trading higher on Thursday. The company agreed to explore collaboration with Hyundai Motor Co., Ltd. (OTC:HYMTF) to reduce costs and accelerate vehicle and technology development.
The framework agreement aims to enhance vehicle development efficiency through greater scale and disciplined capital allocation.
The companies’ area of focus includes co-developing passenger and commercial vehicles and advancing clean energy, electric, and hydrogen technologies.
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The companies will also explore joint sourcing for battery raw materials, steel, and other components.
General Motors Chair and CEO Mary Barra stated, “GM ...
