Hyundai Motor and Iveco Group increase their partnership to discover synergies for electrical heavy-duty vans within the European markets

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Turin, Italy and Seoul, South Korea — Hyundai Motor Firm and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation within the business car sector.

As we speak the 2 firms signed a Letter of Intent (LOI), reinforcing their partnership with a ahead view in the direction of electrical heavy-duty truck options, together with each battery electrical vans and gasoline cell electrical vans, for European markets. By leveraging the superior applied sciences and property of every occasion, the 2 firms anticipate to speed up the transition to a sustainable future.

Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a sequence of serious milestones. Notably, in September 2022, they unveiled the primary IVECO eDaily Gasoline Cell Electrical Car on the IAA Transportation occasion in Hanover. This was adopted by the debut of the IVECO BUS E-WAY H2 in October 2023 at Busworld in Brussels. Most not too long ago, in February of this 12 months, the 2 firms introduced the signing of a provide settlement for an IVECO-badged all-electric mild business car for Europe, primarily based on Hyundai’s eLCV platform.