Hyundai Motor Company to supply an all-electric Light Commercial Vehicle from its Global eLCV platform to Iveco Group in Europe
- The partnership between Hyundai Motor Company and Iveco Group is expanding to include an all-electric light commercial vehicle for Europe.
- The new vehicle will be based on Hyundai's Global eLCV platform, featuring advanced technology for next-generation BEVs.
- The agreement includes Hyundai manufacturing and supplying the IVECO-badged chassis cab for the European market, with Iveco Group locally customizing and distributing the complete vehicles.
- The new product will be launched at the IAA Transportation 2024 in Hannover, Germany.
- None.
The supply agreement signing ceremony, which took place at Hyundai Motor Company's headquarters in
Hyundai Motor and Iveco Group initiated their partnership in March 2022 and have since generated concrete results related to hydrogen-powered commercial vehicles, including the co-development of the eDAILY FCEV and the launch of the E-WAY FCEV city bus. The new agreement not only signifies an extension of their partnership to encompass a broader array of eco-friendly lineups, but also underscores the shared commitment of both companies to accelerate the transition toward carbon-neutral mobility and transport.
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, planned to be held from September 16 – 22, 2024, in
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," said 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
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SOURCE Hyundai Motor Company
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