Iveco Group and Hyundai take a further step forward within their quite long-lasting partnership. The two companies announced an agreement, based on which there will be an IVECO-badged all-electric light commercial vehicle for Europe based on Hyundai’s Global eLCV platform. The new vehicle will join Iveco Group’s electric light commercial vehicle lineup.
The supply agreement signing ceremony, which took place at Hyundai Motor Company’s headquarters in Seoul, South Korea, was attended by Jaehoon Chang, President and CEO of Hyundai Motor Company, Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle & Hydrogen Business at Hyundai Motor Company, Gerrit Marx, CEO of Iveco Group, and Luca Sra, President, Truck Business Unit, Iveco Group.
Hyundai Motor and Iveco Group: the projects shared so far
Hyundai Motor and Iveco Group have been co-developing the eDAILY FCEV and launched the E-WAY FCEV city bus. The IVECO-badged vehicle will be the first export model to apply Hyundai’s new Global all-electric Light Commercial Vehicle (eLCV) platform, a dedicated global EV platform made for commercial vehicles ranging from GVW 2.5 tons to 3.5 tons. The innovative platform features Hyundai’s latest technology for next generation BEVs with a low-floor design that allows enhanced usability for cargo loading and carrying, designed to fit the emerging needs of future electrified Purpose Built Vehicles in the market.
Under the partnership, Hyundai will manufacture and supply the IVECO-badged chassis cab for the European market and Iveco Group will locally customize and distribute the complete vehicles exclusively through its sales channels. Iveco Group’s new product based on Hyundai’s Global eLCV platform will have its launch at this year’s IAA Transportation 2024.
Statements from the partners
Luca Sra, President, Truck Business Unit, Iveco Group, said, “The unique partnership between Iveco Group and Hyundai Motor Company is making another significant step forward. The introduction of this new all-electric vehicle is particularly exciting for the European market, where urban and suburban distribution and delivery are crucial missions for logistics operators. We are confident that this agreement will not only strengthen our product offering but will also deepen our relationship with Hyundai, paving the way for continued collaborative projects that advance a more sustainable society.”
“We are delighted to further expand our partnership’s product portfolio by leveraging our new, all-electric light commercial vehicle platform,” added Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle & Hydrogen Business at Hyundai Motor Company. “We believe our Global eLCV platform, coupled with Iveco Group’s expertise in the European market, will be a transformative force in the LCV market, contributing to the acceleration of a carbon-neutral future in Europe.”