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.

Hyundai Motor and General Motors have unveiled a strategic alliance to co-develop five vehicle platforms for North and Latin American markets, marking an unusual collaboration between two global competitors as they respond to escalating cost pressures,