Hyundai Motor Company to supply an all-electric Light Commercial Vehicle from its Global eLCV platform to Iveco Group in Europe
01 Febbraio 2024 - 7:30AM
Turin, Italy, 1st February 2024/Seoul, South
Korea, 1st February. Hyundai Motor Company and Iveco Group (EXM:
IVG) today announced signing a supply agreement of an IVECO-badged
all-electric light commercial vehicle for Europe, based on
Hyundai’s Global eLCV platform. The new vehicle will join Iveco
Group’s electric light commercial vehicle lineup, enhancing the
Group’s LCV portfolio alongside the iconic IVECO Daily.
The supply agreement signing ceremony, which
took place at Hyundai Motor Company’s headquarters in Seoul, South
Korea, was attended by Jaehoon Chang, President and CEO of Hyundai
Motor Company, Ken Ramírez, Executive Vice President and Head of
Global Commercial Vehicle & Hydrogen Business at Hyundai Motor
Company, Gerrit Marx, CEO of Iveco Group, and Luca Sra, President,
Truck Business Unit, Iveco Group.
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 Hannover, Germany.
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
Europe.”
About Hyundai Motor
Company
Established in 1967, Hyundai Motor Company is
present in over 200 countries with more than 120,000 employees
dedicated to tackling real-world mobility challenges around the
globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai
Motor is accelerating its transformation into a Smart Mobility
Solution Provider. The company invests in advanced technologies
such as robotics and Advanced Air Mobility (AAM) to bring about
revolutionary mobility solutions, while pursuing open innovation to
introduce future mobility services. In pursuit of sustainable
future for the world, Hyundai will continue its efforts to
introduce zero-emission vehicles equipped with industry-leading
hydrogen fuel cell and EV technologies. More information about
Hyundai Motor and its products can be found
at:https://www.hyundai.com/worldwide/en/ or Newsroom:
Media Hub by Hyundai
Media Contacts:Seohyeon KimGlobal PR / Hyundai
Motor Groupseohyeon.kim@hyundai.com
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 35,000 people around the world and has 20 industrial sites and
29 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
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