Hyundai Motor said on Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand. The South Korean automaker said discussion with GM involves various areas of cooperation including joint parts purchasing and a tie-up in passenger vehicles.

The Trump administration's plans to revoke subsidies for electric vehicles is being seen as a headwind for the company's US plans. Hyundai, along with Kia Motors, where it owns a stake, have been highly popular EV options,