Hyundai Motor & Iveco Group Expand Partnership to Include Heavy-Duty EVs in Europe

Hyundai Motor Company and Iveco Group are strengthening their partnership to drive innovation in the commercial vehicle sector. The two companies have signed a Letter of Intent (LOI), reinforcing their partnership with a view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.

By utilising 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.

IVECO, [art of the Iveco Group, is a commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks.

In a press release, the two companies write: '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'.

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.