Turin, 30th June 2023

Iveco Group reiterates its commitment with Shell to foster the decarbonisation of the road transport industry

Iveco Group (MI: IVG) reconfirmed its pledge to accelerate the transition to zero- emission mobility, in line with the Memorandum of Understanding (MoU) signed earlier this year with Shell International Petroleum Company Limited (LON/NYSE:SHEL). Under the MoU, the two companies are collaborating on the joint development of low-carbon and highly efficient energy solutions.

Meeting in Turin, Italy, to discuss progress made since the signing, Gerrit Marx, CEO, Iveco Group, and Giorgio Delpiano, Senior Vice President Business Mobility at Shell, reaffirmed both companies’ commitment to their synergic cooperation. This calls for the exchange of business ideas and opportunities in the strategic areas of decarbonisation of the road transport sector, leveraging on mutual strengths and values.

Iveco Group is playing a key role in the supply of vehicles and related services, while Shell is building an infrastructure to help mobility customers switch to low- and zero-carbon energy. Since European and global fleets are pursuing ambitious decarbonisation targets and a stringent regulatory framework is being rolled out over the next decade, the two companies recognize the fundamental need to move quickly towards lower emission mobility, building on strong partnerships and joint commitments.