Hyundai Motor Company and Iveco Group have announced the signing of a supply agreement for an Iveco-badged all-electric LCV for Europe, based on Hyundai’s Global eLCV platform. The new vehicle will join Iveco Group’s electric LCV lineup, enhancing its LCV portfolio alongside the 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.

The companies initiated their partnership in March 2022 and have since worked collaboratively on projects related to hydrogen-powered commercial vehicles, including the co-development of the eDAILY FCEV and the launch of the E-WAY FCEV city bus. Their new agreement not only extends their partnership to encompass more eco-friendly solutions, but also reinforces the shared goal of the companies to accelerate the transition toward carbon-neutral mobility and transport.

The IVECO-badged vehicle itself will be the first export model to apply Hyundai’s new Global all-electric Light Commercial Vehicle (eLCV) platform, a dedicated global EV platform designed for commercial vehicles weighing between 2.5 tons to 3.5 tons. It features Hyundai’s latest technology for next generation BEVs, with a low-floor design that allows enhanced usability for cargo loading and carrying, while aligning with the emerging needs of future electrified Purpose Built Vehicles. 

Under the partnership, Hyundai will manufacture and supply the Iveco-badged chassis cab for the European market, while the Iveco Group will locally customize and distribute the complete vehicles exclusively through its sales channels. The end vehicle is set to launch at this year’s IAA Transportation 2024, which is planned to take place from September 16 – 22, 2024, in Hannover, Germany.