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Hyundai Motor, Iveco sign MoU to explore future collaborations

Hyundai Motor, Iveco sign MoU to explore future collaborations

The MoU is a preliminary step in assessing potential cooperations in technology and platforms, encompassing components and systems, Iveco group said.

Image source: Reuters Image source: Reuters

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.

 

Published on: Mar 07, 2022, 4:36 PM IST
Posted by: Vivek Dubey, Mar 07, 2022, 4:33 PM IST