Iveco traces the future after CNH with the agreement of Nikola Electric Truck

0
9

A sign of Iveco’s ambitions, the truck maker on Wednesday signed a memorandum of understanding under which he and his partner Nikola will test and deliver up to 25 vehicles to the port of Hamburg, one of the largest in Europe.



develop See the pictures

Iveco and Nikola have also confirmed their intention to launch hydrogen fuel cell trucks at the end of 2023

Iveco, the truck and bus company of Italian-American CNH Industrial, is continuing its spin-off plans to increase production of electric vehicles, its appointed CEO, Gerrit Marx, told Reuters on Wednesday.

Marx was speaking at the inauguration of a production plant in Ulm, Germany, where Iveco, a laggard of electric trucks, and Nikola will jointly manufacture vehicles, starting with the Nikola Tre from the end of the l ‘year.

“We are electrifying in all areas. We are not late,” Marx, currently head of CNH’s commercial and specialty vehicles unit, told Reuters. “If you had asked me this question in January 2019, I would have reluctantly agreed with you but not anymore.”

9dkl3jpo

The agreement provides for the delivery of the Nikola Tre – which is based on an Iveco platform – throughout 2022.

ALSO READ  Maserati delays launch of Grecale SUV due to chip shortage

Marx reiterated that the process of separating the truck, bus and FPT engine units from CNH Industrial, which will focus on its agricultural equipment and construction business, will end early next year.

“We are aiming for the day as soon as possible. Regulatory steps determine speed,” he said.

The new company will be called Iveco Group and will be listed on the Milan Stock Exchange with the aim of catching up with competitors such as Renault and Volvo.

Daimler, the world’s largest truck manufacturer, is preparing production of its first e-Actros for mid-size electric trucks in the fourth quarter.

ALSO READ  Prince Charles reveals that his 1970 Aston Martin Volante Royale runs on white wine and cheese. here's why

Iveco and Nikola have also confirmed their intention to launch hydrogen fuel cell trucks in late 2023, as part of a further push towards alternative fuels for the commercial vehicle industry.

CNH Industrial is controlled by Exor, the holding company of the Italian Agnelli family, which will be Iveco’s largest investor after its split from CNH.

A sign of Iveco’s ambitions, the truck maker on Wednesday signed a memorandum of understanding under which he and his partner Nikola will test and deliver up to 25 vehicles to the port of Hamburg, one of the largest in Europe.

m2korsho

Daimler is preparing for production of its first e-Actros for mid-size electric trucks in the fourth quarter.

The agreement provides for the delivery of the Nikola Tre – which is based on an Iveco platform – throughout 2022.

ALSO READ  Former McLaren team boss Martin Whitmarsh joins Aston Martin as CEO of Performance Division

“These types of historic agreements continue to reinforce the global shift we are seeing towards a new zero-emissions future,” said Nikola CEO Mark Russell.

The car and truck industry is undergoing big changes at the corporate level as it adapts to low carbon emissions.

Chinese company Geely Holding is in advanced talks with banks to list its Volvo Cars unit in the coming weeks, three sources told Reuters in what is expected to be one of the largest initial public offerings (IPOs) of Europe this year.

comments

Volvo Cars is aiming for a valuation of around $ 20 billion in the planned stock exchange listing in Stockholm, the sources said, with one saying it was slated for late September.

For the latest automotive news and reviews, follow TBEN.com on Twitter, Facebook and subscribe to our YouTube channel.

.