Truck and bus maker Iveco Group mentioned on Wednesday it could companion with Hyundai Motor’s HTWO to equip its future hydrogen-powered buses in Europe with fuel-cell programs designed by the South Korean group hydrogen mobility model.Iveco and Hyundai earlier this yr signed a preliminary deal to discover collaboration on shared car know-how, joint sourcing and mutual provide.Iveco didn’t present monetary phrases of the collaboration.
The head of Iveco’s bus enterprise unit Domenico Nucera mentioned the corporate deliberate to supply greater than 3,000 zero- and low-emission buses within the coming years, ranging from 2023, in its plant within the metropolis of Foggia, in southern Italy.”If the market suggestions is constructive, our purpose is to proceed with an annual charge of 1,000 models,” he mentioned.
Last month Iveco mentioned it deliberate to restart bus manufacturing in Italy after greater than a decade, benefiting from funds from the EU-funded Recovery Plan to develop a fleet of low-emission public transport autos.The group additionally mentioned on Wednesday it signed a memorandum of understanding with U.S.-based shared mobility firm Via, for attainable future cooperation in public transport and digital providers for buses.Iveco is managed by Exor, the holding firm of Italy’s Agnelli household, which in 2020 purchased a 9% stake in Via Transportation, a U.S.-based shared mobility firm.(Reporting by Giulio Piovaccari, modifying by Giulia Segreti and Jason Neely)
Source: www.financialexpress.com”