FOTON partners with IVECO for EV business expansion into Europe, South America
Under the MOU, IVECO and FOTON will explore the commercialization of an electric panel van for these markets through IVECO's sales channels.
On June 4, Chinese commercial vehicle manufacturer FOTON and Iveco Group, an Italian industrial vehicle manufacturing company, signed a memorandum of understanding to explore cooperation in the field of electric vehicles and components. The aim is to expand jointly into European and South American markets.
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