Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets

Turin, Italy and Seoul, South Korea, 14th March 2024. Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.

Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a forward view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets. By leveraging the advanced technologies and assets of each party, the two companies expect to accelerate the transition to a sustainable future.

Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones. Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover. This was followed by the debut of the IVECO BUS E-WAY H2 in October 2023 at Busworld in Brussels. Most recently, in February of this year, the two companies announced the signing of a supply agreement for an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai's eLCV platform.

Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at:

https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

 

 

 

 

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About Hyundai Belux

Hyundai Belux - Korean Motor Company is de officiële invoerder van Hyundai voor België en Luxemburg. Vermeldingen van bepaalde uitrustingen en specificaties in nieuwsberichten op deze website zijn niet bindend. Sommige verwijzingen, uitrustingen en cijfers zijn mogelijks bedoeld voor modellen buiten de Belux markt. Ook prijsstellingen, kortingen of andere acties zijn niet bindend en mogelijks beperkt in de tijd.

Hyundai Belux - Korean Motor Company est l’importateur officiel pour Hyundai en Belgique et au Luxembourg. Les informations de certains équipements et spécifications mentionnées sur ce site ne sont pas contraignantes. Certaines références, équipements et chiffres peuvent être destinés à des modèles extérieurs au marché Belux. Les prix, réductions ou autres actions ne sont pas contraignants et peuvent être limités dans le temps.

Twitter: @Hyundai_B_News

Contact

Korean Motor Company nv Pierstraat 229 - 2550 Kontich

www.hyundai.be