GM Shares Climb 1.51% on Strategic Deals, Ranked 272nd in $370M Volume

Generated by AI AgentAinvest Market Brief
Thursday, Aug 14, 2025 7:28 pm ET1min read
Aime RobotAime Summary

- GM shares rose 1.51% on strategic partnerships with Hyundai and Noveon Magnetics.

- The joint venture co-develops four vehicle models to cut costs and expand markets.

- A supply deal with Noveon secures rare earth magnets, diversifying GM's EV supply chain.

General Motors (GM) closed 2025-08-14 with a 1.51% increase, trading a volume of $0.37 billion, ranking 272nd in the market. The stock's performance was influenced by strategic partnerships aimed at navigating trade challenges and reducing costs.

GM announced a joint venture with Hyundai to co-develop four vehicle models, including a compact SUV, car, pickup, and midsize pickup, targeting high-demand segments in Central and South America and North American commercial markets. The collaboration is expected to leverage shared manufacturing capabilities and scale, potentially lowering production costs. Analysts suggest the partnership could accelerate market entry while balancing regional supply chain demands.

Additionally,

secured a multiyear supply agreement with Texas-based Noveon Magnetics for rare earth magnets, critical for electric and hybrid vehicle motors. This move aims to reduce dependency on foreign materials amid fluctuating tariff environments. Noveon, the sole U.S. producer of sintered neodymium-iron-boron magnets, will support GM’s full-size SUV and truck production. The agreement complements GM’s existing relationship with , further diversifying its magnet supply chain for EVs and internal combustion engine vehicles.

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