Hyundai Motor and Iveco Group broaden their partnership to discover synergies for electrical heavy-duty vehicles 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 industrial automobile sector.

At present the 2 firms signed a Letter of Intent (LOI), reinforcing their partnership with a ahead view in direction of electrical heavy-duty truck options, together with each battery electrical vehicles and gasoline cell electrical vehicles, for European markets. By leveraging the superior applied sciences and belongings of every social gathering, 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 collection of great milestones. Notably, in September 2022, they unveiled the primary IVECO eDaily Gas 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 just lately, in February of this yr, the 2 firms introduced the signing of a provide settlement for an IVECO-badged all-electric mild industrial automobile for Europe, primarily based on Hyundai’s eLCV platform.