General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles together as they seek to lower costs amid growing competition from nimble Chinese rivals, although some analysts questioned whether the plan would work.

The carmakers sealed a partnership in 2024 to jointly develop vehicles, engines and clean technologies such as electric and hydrogen powertrains.

General Motors and Hyundai have officially confirmed a new alliance that will see the automakers co-develop five new vehicles.

General Motors and Hyundai Motor announced on Wednesday their first agreement to jointly develop five vehicles. Four of the vehicles — a compact SUV, a car, a pickup, and a mid-size pickup — are targeted at Central and South American markets and will support both internal combustion and hybrid powertrains.

Hyundai Motor Company and General Motors have announced details for the first five vehicles from their strategic collaboration.

General Motors Co. in Detroit and Hyundai Motor Co. in Seoul plan to produce their first five co-developed vehicles.

General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. Four of the vehicles — a compact SUV/car/ pickup,

Hyundai and General Motors will work together on a series of new vehicles, with the electric van set to be assembled in the U.S. starting in 2028.

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,