“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.”

A deal is expected to be signed shortly and it could give GM a competitor to the Ford E-Transit and Ram Promaster EV. Last fall, General Motors and Hyundai announced they were exploring a partnership focused on joint product development,