“We are considering re-badging our commercial EVs and supplying GM,” Hyundai’s CFO, Lee Seung Jo, said on a conference call (via Reuters) Thursday. Lee added the deal would pave the way for our entry into the North American commercial vehicle market.”

GM and Hyundai Motor Group, two of the world's biggest automakers, are considering marketing rebadged Hyundai commercial vehicles in North America.

Hyundai sells commercial vehicles like buses and heavy-duty trucks in other markets, but hasn't attempted to enter the U.S. market under its own banner. The automaker is bringing a small fleet of Xcient Fuel Cell Class 8 semi trucks to California for testing, though.

Hyundai Motor said on Thursday it is in talks with General Motors (GM) to supply commercial electric vehicles (EVs) to its US peers, as it expects sales growth to halve this year due to softening demand.