In September, Hyundai and General Motors entered a memorandum of understanding to collaborate on supply chains, aiming to enhance operational synergies and reduce raw material costs, particularly for EV batteries. While partnerships among automakers are common, collaborative purchasing alliances are rare, with the success of such partnerships often hinging on shared technology goals rather than procurement alone. However, challenges like differing company cultures can hinder effectiveness, and the impact varies by company size, with smaller firms potentially benefiting more from collaborative sourcing.

Source: https://www.supplychaindive.com/news/automotive-supply-chains-partnerships-hyundai-gm-sourcing-procurement/728838/