Hyundai introduced a brand new take care of Iveco Group to produce an all-electric van based mostly on its world eLCV platform. The Iveco-badged electrical van will likely be Hyundai’s first export to make use of its new EV platform.
Hyundai is constructing a brand new all-electric van for Iveco
Hyundai revealed the information at a signing ceremony at its headquarters in Seoul, South Korea. The deal is a part of a broader partnership established in March 2022.
In July 2022, the businesses introduced a hydrogen-powered IVECO BUS based mostly on Hyundai’s gas cell system. The companions then unveiled the IVECO eDAILY Gasoline Cell Electrical Car that September at IAA Transportation.
The brand new settlement deepens the partnership as Hyundai’s first export based mostly on its new World Electrical Mild Business Car (ACV) platform.
Hyundai’s devoted EV platform is designed for industrial automobiles weighing between 2.5 tons to three.5 tons.
The structure options Hyundai’s newest tech for next-gen EVs, together with a low-floor design, making loading and unloading cargo simpler.
Hyundai will construct the chassis, whereas Iveco will customise the electrical vans, distributing them via its community. The brand new Iveco-badged electrical van will launch at this 12 months’s IAA Transportation in September.
![Hyundai-electric-van](https://electrek.co/wp-content/uploads/sites/3/2024/02/Hyundai-electric-van-1.jpeg?quality=82&strip=all&w=1024)
Hyundai’s EVP and head of worldwide industrial automobiles, Ken Ramirez, stated the electrical van will increase its partnership “by leveraging our new, all-electric mild industrial automobile platform.”
The electrical van will rival Ford’s E-Transit and Stellantis’ industrial EV vans in Europe. Luca Sra, president of Iveco’s truck enterprise, stated the brand new electrical van is “notably thrilling ” for Europe, the place city supply and distribution are “crucial missions.”
![Ford-e-transit](https://electrek.co/wp-content/uploads/sites/3/2023/07/Ford-EV-sales-Q2.jpeg?quality=82&strip=all&w=1024)
Electrek’s Take
Coming off a report EV gross sales 12 months, Hyundai appears to be like to keep up its momentum in 2024. Hyundai bought 269,000 items of its devoted IONIQ 5 and IONIQ 6 EVs final 12 months.
The automaker goals to promote round 300,000 EVs this 12 months, or about 12% YOY progress. Hyundai stated funding plans this 12 months embrace bolstering the variety of mass-produced fashions and constructing its new EV and battery plant in Georgia.
Hyundai Motor (together with Kia) topped Ford and GM in EV gross sales final 12 months regardless of not qualifying for the EV tax credit score (solely via leasing).
As soon as up and operating, which is predicted subsequent 12 months, Hyundai’s EVs will qualify. It will seemingly assist enhance demand in Hyundai’s greatest market.
Hyundai’s luxurious model, Genesis, can also be seeing EV gross sales decide up within the US after almost quadrupling final 12 months.
Hyundai goals to be a prime three EV maker by 2030 with 18 new electrical fashions and two million in gross sales. The transfer into all-electric industrial automobiles will assist Hyundai increase because the industrial section goes electrical.
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