Hyundai Motor to Supply an Electric Light Commercial Vehicle From its Global eLCV Platform to Iveco

Hyundai Motor Company and Iveco Group have signed a supply agreement of an IVECO-badged all-electric light commercial vehicle  (eLCV) for Europe, based on Hyundai's Global eLCV platform. The new vehicle will enhance Iveco's LCV portfolio.

Hyundai Motor and Iveco initiated their partnership in March 2022 and have since generated positive 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 vehicle will be the first export model to apply Hyundai's new eLCV platform, a dedicated global EV platform made for commercial vehicles ranging from GVW 2.5 tons to 3.5 tons.

The 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.  

The new agreement underscores the shared commitment of both companies to accelerate the transition toward carbon-neutral mobility and transport.

Luca Sra, President, Truck Business Unit, Iveco Group, says: "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."

Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle & Hydrogen Business at Hyundai Motor Company, adds: "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 in Europe."

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.