FOTON and IVECO Announce Joint Exploration into Future Synergies

On June 4, 2024, FOTON and Iveco Group signed a Memorandum of Understanding (MOU) in Beijing to explore cooperation in the field of electric vehicles and components, aiming to jointly expand into European and South American markets

As a leading commercial vehicle manufacturer in China, FOTON is committed to driving innovation and development in the automotive industry. This partnership will see two parties jointly explore the commercialisation of an electric panel van for Europe and South America, in the lightest category of up to GVW 3.5 tons through IVECO's sales channels. The van is expected to have a positive impact on regional and local supply chains in these markets.

IVECO, the commercial vehicle brand of Iveco Group, is specialized in the design, manufacture and sale of heavy, medium and light trucks. Promoting the electrification of light commercial vehicles and increasing the range of electric range with a GVW of up to 3.5 tons is an important strategy for Iveco Group, and the collaboration with FOTON will ensure the availability of a panel van model within this range.

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