The two automakers first announced their collaboration last year, saying they would focus on building EVs and hydrogen vehicles together. Today’s announcement downplays the EVs and hydrogen — they’re “continuing to assess” — in favor of ICE and hybrid vehicles. Four of those vehicles will be for Central and South America, while a fifth, an all-electric commercial van, will be for North America. Hyundai is going to lead the van project, which makes sense given the Korean automaker’s recent success in the EV space.