Iveco Group will develop its partnership with Hyundai and set a new agreement with Ford Trucks
As announed during the Capital Markets Day in Turin, Iveco Group and Hyundai will work together to develop electric heavy-duty trucks in Europe. With Ford Trucks, the agreement deals with new heavy truck cabins in view of 2028-2029.
Iveco Group is celebrating its Capital Markets Day in Turin. Sustainable Truck&Van is attending the event and will keep you up-to-date about what’s been said during the international event. Looking at the truck & van sector, Iveco Group has confirmed that the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones. Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover. Most recently, in February of this year, the two companies announced the signing of a supply agreement for an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai’s eLCV platform.
Iveco Group’s newly announced partnership with Ford Trucks
Furthermore, Iveco Group and Ford Trucks have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles. The non-binding MoU is a preliminary step in assessing the potential for the two companies to cooperate in the co-development of new products and technologies, encompassing components and systems within the cabin.
This agreement has the aim of enhancing competitiveness and improving solutions in compliance with the EU Direct Vision Standard and improving aerodynamics for CO2 reduction through the development of a mutually beneficial partnership between Ford Trucks and IVECO.
