Core Insights - Hyundai Motor Company and General Motors have announced plans for their first five co-developed vehicles, marking a significant milestone in their strategic collaboration [1] - The companies aim to produce over 800,000 vehicles annually once production is fully scaled [2] Vehicle Development - Four vehicles will be co-developed for the Central and South American market, including a compact SUV, a car, a pick-up, and a mid-size pick-up, with options for internal combustion or hybrid propulsion systems [2] - An electric commercial van will also be developed for the North American market, with production expected to start as early as 2028 [3][8] Leadership and Design - GM will lead the development of the mid-size truck platform, while Hyundai will take charge of the compact vehicle and electric van [3] - The companies will share common platforms but will develop unique interiors and exteriors to align with their respective brands [3] Market Strategy - The collaboration targets the largest segments in Central and South America, as well as the commercial segment in North America [4] - Joint sourcing initiatives for materials, transport, and logistics are planned to enhance efficiency and reduce costs [5] Sustainability Efforts - Hyundai and GM will explore collaboration on low-carbon emissions steel as part of their commitment to sustainable manufacturing [6] - The companies are assessing additional joint vehicle development programs and collaboration opportunities across various propulsion systems, including hybrid and hydrogen fuel cell technologies [6]

Market Overview - A $17,000 Chevy made in China is for sale in Mexico [1]

Chinese smartphone maker Xiaomi has pulled off something Apple failed to do despite a decade-long attempt, and that’s to make a car.@Lindadalew looks at what helped Xiaomi overtake Apple’s EV ambitions https://t.co/kteGLsksYg https://t.co/CcnyZStONT ...

Car drove off with gas pump attached still. https://t.co/Z8wKt3fFS9 ...

Market Trend - Chinese smartphone maker Xiaomi has successfully manufactured a car, achieving what Apple failed to do despite a decade-long attempt [1] Company Strategy - Xiaomi has surpassed Apple's EV ambitions [1]

If you don't want to be like everyone else, then you have to avoid the number one wealth killer that nobody talks about. Take a look at this chart. It shows how the average person spends their money each month.And believe it or not, one of these categories is quietly killing your chances of building wealth. So, let's uncover it together. First up, housing.This is the biggest slice of the pie. So, it's definitely the wealth killer, right. Well, although paying rent or a mortgage is expensive, at least it pro ...