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Turin, Italy and Seoul, South Korea, March 14, 2024. Hyundai Motor Company and the Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the vehicle sector.
Today, the two corporations signed a Letter of Intent (LOI), strengthening their partnership with a vision geared towards heavy-duty electric truck solutions, adding battery electric trucks and mobile electric fuel trucks, for European markets. By leveraging complex technologies and strengths, the two corporations hope to drive the transition to a sustainable future.
Since the start of their partnership in March 2022, Hyundai Motor and the Iveco Group have achieved a number of important milestones. Most notably, in September 2022, they presented the first IVECO eDaily fuel-powered mobile electric vehicle at the IAA Transportation event in Hanover. followed by the presentation of the IVECO BUS E-WAY H2 in October 2023 at Busworld in Brussels. More recently, in February this year, the two corporations announced the signing of an agreement to supply Europe with an all-electric light commercial vehicle with IVECO. Insignia, based on Hyundai’s eLCV platform.
About Hyundai Motor Company
Founded in 1967, Hyundai Motor Company operates in more than two hundred countries with more than 120,000 workers committed to addressing genuinely demanding mobility situations around the world. Based on the brand’s vision of “Progress for Humanity,” Hyundai Motor is accelerating its transformation. into a provider of smart mobility solutions. The company is investing in complex technologies such as robotics and advanced air mobility (AAM) to deliver innovative mobility solutions, while also pursuing open innovation to introduce long-term mobility services. In pursuit of a long-term sustainable economy for the world, Hyundai will continue its efforts to introduce zero-emission cars equipped with state-of-the-art hydrogen fuel electric and mobile vehicle technologies. More information about Hyundai Motor and its products can be found at: https://www. hyundai. com/worldwide/en/ or in the newsroom: Media Hub via Hyundai.
Media Contacts: Seoyong ChoiGlobal PR / Hyundai Motor Companyseoyong. choi@hyundai. com
Iveco Group N. V. (EXM: IVG) combines other people and exclusive logos that reinforce its business and its project to move towards a more sustainable society. The 8 logos constitute a major force in its express business: IVECO, a pioneering advertising vehicle logo that designs, manufactures and markets heavy, medium and light trucks; FPT Industrial, a global leader in a wide variety of complex powertrain technologies in the agricultural, structural, marine, power generation and advertising vehicle industries; IVECO BUS and HEULIEZ, logos of public and premium maritime transport buses and coaches; IDV, for highly specialized defense and civil cover teams; ASTRA, a leader in the segment of heavy-duty quarry and large-frame automobiles; MAGIRUS, the industry-renowned manufacturer of automobiles and firefighting equipment; and IVECO CAPITAL, the financial company that backs them all. The Iveco Group employs more than 36,000 people worldwide and has 20 advertising sites and 29 research centres.
Media contacts:Francesco Polsinelli, Tel. : 39 335 1776091Fabio Lepore, Tel. : 39 335 7469007E-mail: mediarelations@ivecogroup. com
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20240314_PR_Iveco_Group_Hyundai_Motor_Company_expand_partnership