Iveco plans light commercial vehicle on Hyundai platform

Iveco has announced a new battery-electric commercial vehicle for European markets, based on a platform from Hyundai Group. The new model is to be unveiled at the IAA Transportation in Hanover, Germany in September 2024.

Image: Hyundai

Under the partnership now agreed between the two companies, Hyundai Motor Company will supply the chassis cab of the model to Iveco and Iveco will complete the vehicles and distribute them exclusively in Europe under its own brand. The platform is described as a new global BEV architecture for commercial vehicles with a gross vehicle weight of 2.5 to 3.5 tons.

The new electric commercial vehicle platform has not been described in any more detail in either of the two companies’ announcements.

In March 2022, Hyundai also announced that a Light Commercial Vehicle (LCV) would be among the 17 new BEV series when it presented its electric roadmap up to 2030. This is likely to be based on the “Integrated Modular Architecture” (IMA), which was also mentioned at the time and is being developed on the basis of the familiar E-GMP platform. The IMA should be adaptable so that it can be used not only for passenger car models, but also for light commercial vehicles – such as the SEA from Geely.

The IMA is expected to be launched in 2025, which could theoretically fit in with the Iveco model’s premiere in September 2024 and the start of production in the following year. The IMA could therefore also form the basis for the PBV platform that the manufacturer Kia, part of the Hyundai Motor Group, presented at the CES in January. AlthoughPBV has long stood for “Purpose Built Vehicle”, Kia has named the associated PBV strategy “Platform Beyond Vehicle”. The Kia Concept PV5 presented at the CES could also offer a glimpse of the upcoming Iveco model.

Hyundai and Iveco initiated a partnership for electric commercial vehicles in March 2022 and have since presented the hydrogen-powered Iveco eDaily FCEV van and the E-Way H2 bus. The new model is extending the two company’s cooperation to the BEV segment. In the purely battery-electric range, Iveco already offers the eDaily.

Luca Sra, President, Truck Business Unit, Iveco Group, 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 missions for logistics operators.” 

“We are delighted to further expand our partnership’s product portfolio by leveraging our new, all-electric light commercial vehicle platform,” says Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business, Hyundai Motor Company. “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 in Europe.”


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