Hyundai Motor Company and Iveco Group have announced an expansion of their partnership aimed at advancing innovation in the commercial electric heavy-duty trucks for European markets.
Hyundai and Iveco, who have previously announced a tie-up on electric van development, have extended their agreement to jointly explore electric heavy-duty truck solutions. The new agreement will encompass both battery electric trucks and fuel cell electric trucks.
Since the inception of their partnership in March 2022, the two companies have been workingon a number of initiatives: 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 introduction of a hydrogen bus and in February 2024, the two companies announced a supply agreement for an Iveco-badged all-electric light commercial vehicle for Europe, using Hyundai’s eLCV platform.
Through the LOI signing, both conglomerates are poised to explore and develop state-of-the-art battery electric and Fuel Cell Electric Truck solutions, signaling a significant stride toward sustainable transportation and highlighting the synergies between Hyundai’s technological expertise and Iveco’s market presence in Europe.
In addition to the deal with Hyundai, Iveco also recently announced the sale of its Magirus fire engine business and an agreement with Ford Trucks to collaborate on truck cab development.
