Stellantis Pro One, the commercial vehicles business unit of Stellantis NV (NYSE:STLA) and the Italian transport vehicle maker IVECO have announced a partnership to introduce two fully electric light commercial vehicles (LCVs) to the European market.
These vehicles will be manufactured by Stellantis Pro One and distributed and maintained exclusively through IVECO’s authorized network across Europe.
This collaboration seeks to broaden IVECO's electric vehicle range, offering new choices in the Mid-Size and Large Van categories.
The vehicles will be produced at Stellantis’ facilities in Atessa (Italy), Gliwice (Poland), and Hordain (France), with an expected release in mid-2026.
The partnership, established under a 10-year agreement, will have Stellantis Pro One produce the two new models, with a Gross Vehicle Weight (GVW) between 2.8 and 4.25 tons.
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These electric LCVs will expand IVECO’s battery-powered vehicle lineup in Europe, introducing lighter options to the range and offering customers a broader selection for various commercial applications.
The new models will be distributed by IVECO through its network across Europe, including the United Kingdom.
“I am confident that this winning collaboration will benefit our European customers, in particular for the success of their last-mile logistics businesses,” said Luca Sra, President, Truck Business Unit, Iveco Group.
Price Action: STLA shares are trading higher by 2.37% at $12.11 in premarket at last check Friday.
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Photo by Jonathan Weiss on Shutterstock.