The MoU is a preliminary step in assessing potential
cooperations in technology and platforms, encompassing components and systems,
the group added in a statement.
The signing took place at Hyundai Motor Company and the
major participants include Gerrit Marx, CEO of Iveco Group; Marco Liccardo,
Chief Technology & Digital Officer of Iveco Group; Jaehoon Chang, President
and CEO, Hyundai Motor Company; and Martin Zeilinger, Executive Vice President
and Head of Commercial Vehicle Development Tech Unit of Hyundai Motor Company.
The MoU is a preliminary step in assessing the potential for
the two groups to cooperate in the domains of technology and platforms,
encompassing components and systems. Areas of possible mutual interest pertain
to electric powertrains and platforms including fuel-cell systems, vehicle
automation and connectivity for commercial vehicles.
This agreement is a further step in Iveco Group’s and
Hyundai Motor Company’s independent strategies to create leading innovative
solutions in today’s fast-changing environment by building an ecosystem of
mutually beneficial partnerships.