Hyundai and Iveco Expand Partnership for Electric Trucks in Europe

France's Iveco Group and Hyundai Motor Company have inked a Letter of Intent to bolster their partnership in the commercial vehicle sector, prioritizing electric heavy-duty truck solutions for European markets, aiming for a sustainable future.

France- Iveco Group., and Hyundai Motor Company have solidified their collaboration in the commercial vehicle sector with a focus on driving innovation. Today, the two entities have formally signed a Letter of Intent (LOI), reaffirming their commitment to advancing electric heavy-duty truck solutions, encompassing both battery electric trucks and fuel cell electric trucks, tailored specifically for European markets. By pooling together their respective advanced technologies and resources, Hyundai Motor and Iveco Group anticipate expediting the transition towards a sustainable future.

Since the inception of their partnership in March 2022, Hyundai Motor and Iveco Group have made significant strides. A noteworthy milestone was reached in September 2022 with the unveiling of the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover. This achievement was followed by the introduction of the IVECO BUS E-WAY H2 in October 2023 at Busworld in Brussels. Most recently, in February of this year, the collaborative efforts bore fruit with the announcement of a supply agreement for an IVECO-branded all-electric light commercial vehicle for Europe, based on Hyundai's eLCV platform.