Hyundai and Iveco are teaming up to launch a new Iveco-badged electric light commercial vehicle in Europe.

The supply agreement signing ceremony took place at Hyundai Motor Company’s headquarters in Seoul, South Korea

Based on Hyundai’s Global eLCV platform, the new vehicle will join Iveco Group’s electric light commercial vehicle line-up alongside the existing eDaily.

Hyundai will manufacture and supply the chassis cab for the European market and Iveco Group will locally customise and distribute the complete vehicles exclusively through its sales channels.

Yet to be named, the new van will debut at this year’s IAA Transportation 2024, set to take place from 16-22 September in Hanover, Germany.

The Iveco-badged vehicle will be the first export model to apply Hyundai’s new Global all-electric light commercial vehicle platform, a dedicated global EV platform made for commercial vehicles ranging from GVW 2.5 tonnes to 3.5 tonnes.

The platform 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.

It’s the latest development in the partnership between Hyundai Motor and Iveco Group, which was initiated in March 2022 and will propel the firms’ shared commitment to accelerate the transition toward carbon-neutral mobility and transport.

The companies are already working on hydrogen-powered commercial vehicles, including the co-development of the eDaily FCEV and the launch of the E-Way FCEV city bus.

Luca Sra, president, Truck Business Unit, Iveco Group, said: “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, added: “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.”