Iveco and Hyundai: Cooperation for Fuel Cell and Automation

The Iveco Group and the Hyundai Motor Company have recently signed a Memorandum of Understanding (MoU) to explore potential collaborations in vehicle technologies, joint procurement, and mutual supply. The signing took place at the Hyundai Motor Company. Participants included Gerrit Marx, CEO of the Iveco Group, Marco Liccardo, Chief Technology & Digital Officer of the Iveco Group, Jaehoon Chang, President and CEO of the Hyundai Motor Company, and Martin Zeilinger, Executive Vice President and Head of the Commercial Vehicle Development Tech Unit of the Hyundai Motor Company.

The MoU is seen as an initial step to assess the potential for collaboration between the two groups in the fields of technology and platforms, which encompass components and systems, according to Iveco. Areas of potential mutual interest include electric drives and platforms, including fuel cell systems, vehicle automation, and connectivity for commercial vehicles. This agreement represents another step in the independent strategies of the Iveco Group and the Hyundai Motor Company to create leading forward-looking solutions for a rapidly changing environment through the establishment of a beneficial partnership ecosystem.