Hyundai and Iveco form electric van partnership
Iveco has signed a supply agreement with Hyundai to launch a new Iveco-badged electric delivery van, due to go on sale in late 2024.
The new model will be based on an upscaled version of the Hyundai Global eLCV platform that is currently used on the Staria-Load van not currently on sale in the UK. The adaptable technology allows for right- and left-hand drive configurations and will be focused on the 2.5-3.5t large medium van market – of similar dimensions to the Ford Transit Custom.
The new model will debut in September at the IAA Transportation Show in Hannover, Germany.
According to a Memorandum of Understanding signed in Seoul, South Korea, in February 2024, Hyundai will manufacture the van and Iveco will locally adapt it to suit its core markets. The new van will be sold alongside the existing eDaily as part of Iveco’s electric LCV line-up.
The platform is said to feature Hyundai’s next generation battery technology, with an ultra-low floor design that allows enhanced cargo loading and carrying.It’s the latest development in a global partnership between Hyundai Motor and Iveco Group, which dates back to March 2022.
Other projects from the alliance include hydrogen propulsion and buses, as well as larger commercial vehicles.
Luca Sra, President of Iveco’s Truck Business Unit, said: “The introduction of this new all-electric vehicle is particularly exciting for the European market, where urban and suburban distribution and delivery are crucial 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 VP and Head of Commercial Vehicle Business at Hyundai added: “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.”