Iveco together with Hyundai present the van prototype

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Italian company Iveco on Monday unveiled a prototype of the hydrogen-powered eDaily large pickup truck it developed with Hyundai Motor, the first tangible result of a broader partnership between the two automakers.

Iveco and South Korean company Hyundai Motor signed a preliminary agreement in March to explore cooperation in shared vehicle technology, joint sourcing and mutual supply.

In July, the two companies said that Iveco would equip its future hydrogen-powered buses in Europe with fuel cell systems designed by Hyundai’s hydrogen mobility brand, HTWO.

Iveco is open to continuing such collaborations, CEO Gerrit Marx said at the IAA Transportation trade fair in Hanover, citing the need to strengthen in light of rapid changes in the industry.

The new hydrogen-powered eDaily vehicle, with a range of 350 km and a maximum payload of 3 tons, is equipped with Hyundai’s 90 kilowatt (kW) hydrogen fuel cell system and a 140 kW electric motor, Iveco said in a statement.

The vehicle’s battery pack is supplied by FPT Industrial, Iveco’s powertrain unit.

Iveco, the smallest of Europe’s major truck and bus manufacturers, committed to developing a full range of zero-emission vehicles as it split earlier this year from its former parent company CNH Industrial.

Iveco has a joint venture with the American group Nikola to produce heavy-duty trucks with electric batteries and hydrogen fuel cells.

The company also said Monday that Hyundai is also evaluating other collaboration options, from cross-selling products in select regions to joint developments in vehicle automation and connectivity.

Iveco added that Hyundai is also considering supply opportunities from FPT Industrial in the area of ​​next-generation conventional powertrains for commercial vehicles.

Marx said the order books are full and higher purchase costs are likely to be passed on to customers, while also remaining mindful of higher energy prices as winter approaches.