Italian truck, bus and engine maker Iveco group said on Monday it had signed a memorandum of understanding (MoU) with Hyundai Motor Company on March 4 to explore possible collaborations on shared vehicle technology, joint sourcing and mutual supply.
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 areas of possible mutual interest are electric powertrains and platforms such as fuel-cell systems, vehicle automation and connectivity for commercial vehicles.
Copyright©2023 Living Media India Limited. For reprint rights: Syndications Today