The signature took place at Hyundai Motor Company and the main participants were Gerrit Marx, CEO of Iveco Group, Marco Liccardo, Chief Technology & Digital Officer of Iveco Group, Jaehoon Chang, President and CEO of Hyundai Motor Company, as well as Martin Zeilinger, Executive Vice President and head of commercial Vehicle Development Tech Unit of Hyundai Motor Company.
This Memorandum of Understanding is a preliminary step in assessing the potential for cooperation between the two groups in the areas of technology and platforms, encompassing components and systems. Areas of mutual interest relate to electric powertrains and platforms, including fuel cell systems, automation and commercial vehicle connectivity.
This agreement is a further step in the independent strategies of Iveco Group and Hyundai Motor Company to create leading innovative solutions, in a rapidly changing environment, by building an ecosystem of mutually beneficial partnerships.
Iveco and Hyundai Motor Company press release.