Iveco is strengthening its partnerships across the transport sector with an LOI and MoU signed with Hyundai and Ford Trucks respectively.
The Letter of Intent with Hyundai Motor Company aims to drive innovation in the commercial vehicle sector, with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
By leveraging the advanced technologies and assets of each party, the two companies expect to accelerate the transition to a sustainable future.
Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones. In September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover. This was followed by the debut of the IVECO BUS E-WAY H2 in October 2023 at Busworld in Brussels. 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.
The Memorandum of Understanding between Iveco and Ford Trucks will 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.
The 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.
