Hyundai is to manufacture and supply Iveco with a new Iveco-badged electric light commercial vehicle in Europe.
The vehicle will use Hyundai’s new global all-electric dedicated light commercial vehicle platform, which features a low-floor design that allows enhanced usability for cargo loading and carrying, for vehicles ranging from GVW 2.5 tonnes to 3.5 tonnes.
Iveco will locally customise and distribute the complete vehicles through its sales channels.
The new van, which has so far not been named, will be unveiled at IAA Transportation 2024, set to take place in Hannover, Germany this September.
Hyundai Motor and Iveco Group are already working on hydrogen-powered commercial vehicles, including the co-development of the eDaily FCEV and the launch of the E-Way FCEV city bus.
Luca Sra, president, Truck Business Unit, Iveco Group, said, “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.”
Ken Ramírez, executive vice president and head of global commercial vehicle & hydrogen business at Hyundai Motor Company, said, “We are delighted to further expand our partnership’s product portfolio by leveraging our new, all-electric light commercial vehicle platform.
“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.”